Is Belle Harbor, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belle Harbor is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Belle Harbor has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Belle Harbor, NY

How much do homes in Belle Harbor, NY cost?

Median Sold Price

$850,000

$562/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+7.6%)

Key Takeaway

Homes in Belle Harbor have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Belle Harbor was $850,000 in October 2024, up 7.6% from last year, and the median price per square foot was $562.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $337K$293K
-13.1%
2 $434K$390K
-10.1%
3 $775K$850K
+9.7%
4 $849K$950K
+11.9%
5+ $999.9K$1.2M
+22.8%

Summary: Belle Harbor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 22.8%.

Median Sold Price Compared To Nearby Neighborhoods

Belle Harbor
+7.6%
Rockaway Park
+3.8%
The Rockaways
-1.1%

Housing Supply in Belle Harbor, NY

How many homes are available in Belle Harbor, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4547+4.4%

Summary: The Belle Harbor real estate market had 47 homes for sale in October 2024, a 4.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 89
+12.5%
2 56
+20.0%
3 129
-25.0%
4 57
+40.0%
5+ 1516
+6.7%

Summary: The Belle Harbor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

5 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 Belle Harbor, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Belle Harbor in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Belle Harbor, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
149 Days65 Days-56.0%

Summary: Homes in Belle Harbor had an average of 65 days on market in Oct 2024, down by 56% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Belle Harbor are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Belle Harbor; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 21 Days Ago

Newest Listings in Belle Harbor, NY

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