$4,144 Closing Credit*
$349,000
900 SqFt
2 Beds
•1 Full Bath
Listing Office: Douglas Elliman Real Estate
Is Bay Terrace, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Bay Terrace was a Seller's Market.
Key Takeaway
Bay Terrace is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay Terrace, NY
How much do homes in Bay Terrace, NY cost?
Median Sold Price
$605,000
$627/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,000(+15.2%)
Key Takeaway
Homes in Bay Terrace have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Bay Terrace was $605,000 in November 2024, up 15.2% from last year, and the median price per square foot was $627.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $498.5K | +4.9% |
| 2 Bedrooms | $555K | $680K | +22.5% |
| 3 Bedrooms | $735K | $857K | +16.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.6M | $1.5M | -3.9% |
Summary: Bay Terrace housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Bayside | $492K | $850K | +72.8% |
| Bay Terrace | $525K | $605K | +15.2% |
| Northeastern Queens | $691.1K | $723.7K | +4.7% |
Housing Supply in Bay Terrace, NY
How many homes are available in Bay Terrace, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 55 | 58 | +5.5% |
Summary: The Bay Terrace real estate market had 58 homes for sale in November 2024, a 5.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Bay Terrace housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Terrace, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Bay Terrace in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Bay Terrace, NY
How long does it take to sell a home in Bay Terrace, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 97 Days | 41 Days | -57.7% |
Summary: Homes in Bay Terrace had an average of 41 days on market in Nov 2024, down by 57.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bay Terrace has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Bay Terrace; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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.