Is Remsenburg, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Remsenburg has remained a Buyer's Market.
Housing Prices in Remsenburg, NY
How much do homes in Remsenburg, NY cost?
Median Sold Price
$1,670,000
$635/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Remsenburg was $1,670,000 in May 2024, up 6% from last year, and the median price per square foot was $635.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | - | N/A |
2 Bedrooms | $795K | $465K | -41.5% |
3 Bedrooms | $967.5K | $1.3M | +37.7% |
4 Bedrooms | $1.7M | $1.3M | -20.6% |
5+ Bedrooms | $2.5M | $3.6M | +45.5% |
Summary: Remsenburg 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 41.5%, 3 bedroom homes increased by 37.7%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes increased by 45.5%.
Housing Supply in Remsenburg, NY
How many homes are available in Remsenburg, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 37 | +5.7% |
Summary: The Remsenburg real estate market had 37 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Remsenburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Remsenburg in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Remsenburg, NY
How long does it take to sell a home in Remsenburg, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
67 Days | 263 Days | +292.5% |
Summary: Homes in Remsenburg had an average of 263 days on market in May 2024, up by 292.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Remsenburg; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.