$5,332 Closing Credit*
$449,000
1,178 SqFt
3 Beds
•2 Full Baths
Listing Office: Prime Homes Realty
Is Bay Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bay Park was a Buyer's Market.
Key Takeaway
Bay Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bay Park, NY
How much do homes in Bay Park, NY cost?
Median Sold Price
$579,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,000(+9.2%)
Key Takeaway
Homes in Bay Park have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Bay Park was $579,000 in October 2024, up 9.2% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | $404K | +29.3% |
| 2 Bedrooms | $475K | $495.5K | +4.3% |
| 3 Bedrooms | $559.4K | $565K | +1.0% |
| 4 Bedrooms | $660K | $622.5K | -5.7% |
| 5+ Bedrooms | - | $630K | N/A |
Summary: Bay Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.3%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Town of Hempstead | $635K | $698.9K | +10.1% |
| Bay Park | $530K | $579K | +9.2% |
Housing Supply in Bay Park, NY
How many homes are available in Bay Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Bay Park real estate market had 26 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bay Park 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 increased by 28.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Park, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Bay Park in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Bay Park, NY
How long does it take to sell a home in Bay Park, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 66 Days | +137.9% |
Summary: Homes in Bay Park had an average of 66 days on market in Oct 2024, up by 137.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bay Park has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Bay Park; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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.