Is Barnum Woods, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barnum Woods is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Barnum Woods, NY

How much do homes in Barnum Woods, NY cost?

Median Sold Price

$745,000

$481/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,000(+6.6%)

Key Takeaway

Homes in Barnum Woods have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Barnum Woods was $745,000 in October 2024, up 6.6% from last year, and the median price per square foot was $481.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $515K$620K
+20.4%
3 $650K$715K
+10.0%
4 $777.5K$775K
-0.3%
5+ $660K$845K
+28.0%

Summary: Barnum Woods housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 28%.

Median Sold Price Compared To Nearby Neighborhoods

North Merrick
+17.4%
East Meadow
+13.1%
North Bellmore
+11.1%
Barnum Woods Proper
+7.8%
Barnum Woods
+6.6%

Housing Supply in Barnum Woods, NY

How many homes are available in Barnum Woods, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2120-4.8%

Summary: The Barnum Woods real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 97
-22.2%
4 34
+33.3%
5+ 78
+14.3%

Summary: The Barnum Woods 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 decreased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barnum Woods, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Barnum Woods in October 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Barnum Woods, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days12 Days-78.6%

Summary: Homes in Barnum Woods had an average of 12 days on market in Oct 2024, down by 78.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Barnum Woods; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

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