Is New Hyde Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, New Hyde Park was a Seller's Market.
Housing Prices in New Hyde Park, NY
How much do homes in New Hyde Park, NY cost?
Median Sold Price
$835,000
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Hyde Park was $835,000 in May 2024, up 7.1% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.5K | $247.5K | 0.0% |
2 Bedrooms | $692.5K | $590K | -14.8% |
3 Bedrooms | $750K | $749K | -0.1% |
4 Bedrooms | $770K | $842.5K | +9.4% |
5+ Bedrooms | $915K | $970K | +6.0% |
Summary: New Hyde Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.8%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
North Hempstead | $869K | $949K | +9.2% |
Garden City | $970K | $1.0M | +8.2% |
New Hyde Park | $780K | $835K | +7.1% |
Stewart Manor | $742.5K | $774K | +4.2% |
Floral Park | $694.5K | $696.7K | 0.3% |
Housing Supply in New Hyde Park, NY
How many homes are available in New Hyde Park, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 161 | +19.3% |
Summary: The New Hyde Park real estate market had 161 homes for sale in May 2024, a 19.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 49 | 61 | +24.5% |
4 Bedrooms | 47 | 63 | +34.0% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The New Hyde Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 34%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in New Hyde Park in May 2024, up by 46.2% month-over-month. Of the 19 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.
Days on Market for New Hyde Park, NY
How long does it take to sell a home in New Hyde Park, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 70 Days | +26.9% |
Summary: Homes in New Hyde Park had an average of 70 days on market in May 2024, up by 26.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in New Hyde Park; 42% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.