Is Island Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Island Park has remained a Buyer's Market.
Key Takeaway
Island Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Island Park, NY
How much do homes in Island Park, NY cost?
Median Sold Price
$649,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Island Park have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Island Park was $649,000 in April 2024, up 4.8% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $470.5K | $630K | +33.9% |
| 3 Bedrooms | $627.5K | $645K | +2.8% |
| 4 Bedrooms | $615K | $632.5K | +2.8% |
| 5+ Bedrooms | $719.5K | $785K | +9.1% |
Summary: Island Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in Island Park, NY
How many homes are available in Island Park, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Island Park real estate market had 39 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Island Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Island Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Island Park in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Island Park, NY
How long does it take to sell a home in Island Park, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 102 Days | 38 Days | -62.6% |
Summary: Homes in Island Park had an average of 38 days on market in Apr 2024, down by 62.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Island Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Island Park; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.