$10,000 Closing Credit*
$867,000
1,210 SqFt
2 Beds
•2 Full Baths
Listing Office: EXP Realty
Is Bay Terrace, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bay Terrace has remained a Buyer'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
$605/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+9.0%)
Key Takeaway
Homes in Bay Terrace have sold for 9% more than they did a year ago.
Summary: The median home sold price in Bay Terrace was $605,000 in October 2024, up 9% from last year, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $495K | -2.9% |
| 2 Bedrooms | $612.5K | $685K | +11.8% |
| 3 Bedrooms | $795K | $772K | -2.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.7M | $1.5M | -6.8% |
Summary: Bay Terrace housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Bayside | $595K | $860K | +44.5% |
| Bay Terrace | $555K | $605K | +9.0% |
| Northeastern Queens | $718K | $741.2K | +3.2% |
Housing Supply in Bay Terrace, NY
How many homes are available in Bay Terrace, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 59 | +18.0% |
Summary: The Bay Terrace real estate market had 59 homes for sale in October 2024, a 18.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 21 | +31.3% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bay Terrace housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Terrace, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bay Terrace in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 108 Days | -0.8% |
Summary: Homes in Bay Terrace had an average of 108 days on market in Oct 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bay Terrace has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Bay Terrace; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% 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.