Is Cedarhurst, 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, Cedarhurst was a Seller's Market.
Key Takeaway
Cedarhurst is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cedarhurst, NY
How much do homes in Cedarhurst, NY cost?
Median Sold Price
$947,500
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cedarhurst have sold for 28.4% more than they did a year ago.
Summary: The median home sold price in Cedarhurst was $947,500 in May 2024, up 28.4% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $265K | +29.3% |
| 2 Bedrooms | $336.7K | $390K | +15.8% |
| 3 Bedrooms | $728K | $852K | +17.0% |
| 4 Bedrooms | $990K | $952K | -3.8% |
| 5+ Bedrooms | $1.2M | $1.2M | -3.7% |
Summary: Cedarhurst housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Cedarhurst | $738K | $947.5K | +28.4% |
| Lawrence | $614.5K | $540K | -12.1% |
Housing Supply in Cedarhurst, NY
How many homes are available in Cedarhurst, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 34 | +17.2% |
Summary: The Cedarhurst real estate market had 34 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Cedarhurst housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedarhurst, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cedarhurst in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Cedarhurst, NY
How long does it take to sell a home in Cedarhurst, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 110 Days | 73 Days | -33.5% |
Summary: Homes in Cedarhurst had an average of 73 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cedarhurst has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Cedarhurst; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.