$10,000 Closing Credit*
$959,000
Listing Office: Royal Realty Group Inc
Is Arverne, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Arverne was a Neutral Market.
Key Takeaway
Arverne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arverne, NY
How much do homes in Arverne, NY cost?
Median Sold Price
$665,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$25,000(-3.6%)
Key Takeaway
Homes in Arverne have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Arverne was $665,000 in December 2024, down 3.6% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $277K | -6.1% |
| 2 Bedrooms | $430K | $345K | -19.8% |
| 3 Bedrooms | $536.5K | $549K | +2.3% |
| 4 Bedrooms | $657K | $1.0M | +64.4% |
| 5+ Bedrooms | $760K | $805K | +5.9% |
Summary: Arverne housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 64.4%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| The Rockaways | $660K | $650K | -1.5% |
| Arverne | $690K | $665K | -3.6% |
Housing Supply in Arverne, NY
How many homes are available in Arverne, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Summary: The Arverne real estate market had 52 homes for sale in December 2024, a 7.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 14 | 7 | -50.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 26 | 26 | 0.0% |
Summary: The Arverne housing inventory by bedroom type for December 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 decreased by 50%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arverne, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Arverne in December 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Arverne, NY
How long does it take to sell a home in Arverne, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 92 Days | 119 Days | +29.3% |
Summary: Homes in Arverne had an average of 119 days on market in Dec 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Arverne are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 6 homes were sold in Arverne; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.