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 December 2023

Since last year, Bellaire has remained a Buyer'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

$720,000

$524/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$70,000(+10.8%)

Key Takeaway

Homes in Bellaire have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Bellaire was $720,000 in December 2024, up 10.8% from last year, and the median price per square foot was $524.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $220K$265K
+20.5%
2 $270K$277K
+2.6%
3 $701K$849K
+21.1%
4 $825K$830K
+0.6%
5+ $1.0M$1.2M
+17.8%

Summary: Bellaire housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Neighborhoods

Oakland Gardens
+11.5%
Bellaire
+10.8%
Bellerose
+6.8%
Bellerose Terrace
+1.6%

Housing Supply in Bellaire, NY

How many homes are available in Bellaire, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
74740.0%

Summary: The Bellaire real estate market had 74 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 33
0.0%
2 2524
-4.0%
3 2325
+8.7%
4 1514
-6.7%
5+ 88
0.0%

Summary: The Bellaire housing inventory by bedroom type for December 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 8.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
880.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Bellaire in December 2024, the same as the previous month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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

Dec 2023Dec 2024CHANGE
158 Days49 Days-68.5%

Summary: Homes in Bellaire had an average of 49 days on market in Dec 2024, down by 68.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 8 homes were sold in Bellaire; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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 2 Days Ago

Newest Listings in Bellaire, NY

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