Is Floral Park, 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, Floral Park has remained a Buyer's Market.
Housing Prices in Floral Park, NY
How much do homes in Floral Park, NY cost?
Median Sold Price
$696,725
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Floral Park was $696,725 in May 2024, up 0.3% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $307.5K | $334K | +8.6% |
2 Bedrooms | $570K | $548.5K | -3.8% |
3 Bedrooms | $725K | $730K | +0.7% |
4 Bedrooms | $757.4K | $827.5K | +9.2% |
5+ Bedrooms | $925K | $935K | +1.1% |
Summary: Floral Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
New Hyde Park | $780K | $835K | +7.1% |
Stewart Manor | $742.5K | $774K | +4.2% |
Bellerose | $705K | $722.5K | +2.5% |
Floral Park | $694.5K | $696.7K | 0.3% |
Housing Supply in Floral Park, NY
How many homes are available in Floral Park, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
180 | 186 | +3.3% |
Summary: The Floral Park real estate market had 186 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 63 | 67 | +6.3% |
2 Bedrooms | 29 | 30 | +3.4% |
3 Bedrooms | 43 | 41 | -4.7% |
4 Bedrooms | 36 | 38 | +5.6% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Floral Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Floral Park in May 2024, up by 28.6% month-over-month. Of the 18 sold homes, 67% were sold under asking, 6% were sold at asking, and 28% were sold over asking.
Days on Market for Floral Park, NY
How long does it take to sell a home in Floral Park, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
123 Days | 81 Days | -33.7% |
Summary: Homes in Floral Park had an average of 81 days on market in May 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Floral Park; 44% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.