Is Baldwin, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baldwin is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Baldwin was a Seller's Market.

Key Takeaway

Baldwin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Baldwin, NY

How much do homes in Baldwin, NY cost?

Median Sold Price

$650,000

$369/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,000(+4.8%)

Key Takeaway

Homes in Baldwin have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Baldwin was $650,000 in October 2024, up 4.8% from last year, and the median price per square foot was $369.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $332.5K$259K
-22.1%
2 $399.5K$479.5K
+20.0%
3 $610K$610K
0.0%
4 $640K$695K
+8.6%
5+ $675K$755K
+11.9%

Summary: Baldwin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 20%, 3 bedroom homes did not change, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 11.9%.

Housing Supply in Baldwin, NY

How many homes are available in Baldwin, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8991+2.2%

Summary: The Baldwin real estate market had 91 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 88
0.0%
3 3029
-3.3%
4 3740
+8.1%
5+ 1212
0.0%

Summary: The Baldwin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baldwin, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Baldwin in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for Baldwin, NY

How long does it take to sell a home in Baldwin, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
35 Days42 Days+20.3%

Summary: Homes in Baldwin had an average of 42 days on market in Oct 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Baldwin are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in Baldwin; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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