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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellaire is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Bellaire, NY

How much do homes in Bellaire, NY cost?

Median Sold Price

$695,000

$522/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$35,000(+5.3%)

Key Takeaway

Homes in Bellaire have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Bellaire was $695,000 in October 2024, up 5.3% from last year, and the median price per square foot was $522.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $240K$265K
+10.4%
2 $262K$290K
+10.7%
3 $692K$803.5K
+16.1%
4 $780K$805K
+3.2%
5+ $1.1M$1.2M
+1.5%

Summary: Bellaire housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 1.5%.

Median Sold Price Compared To Nearby Neighborhoods

Bellerose
+6.4%
Oakland Gardens
+5.7%
Bellaire
+5.3%

Housing Supply in Bellaire, NY

How many homes are available in Bellaire, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7880+2.6%

Summary: The Bellaire real estate market had 80 homes for sale in October 2024, a 2.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 2524
-4.0%
3 2729
+7.4%
4 1313
0.0%
5+ 89
+12.5%

Summary: The Bellaire 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 4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellaire, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Bellaire in October 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Bellaire, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days66 Days-16.8%

Summary: Homes in Bellaire had an average of 66 days on market in Oct 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bellaire has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Bellaire; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% 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 24 Days Ago

Newest Listings in Bellaire, NY

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