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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellerose is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Bellerose was a Buyer's Market.

Key Takeaway

Bellerose is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bellerose, NY

How much do homes in Bellerose, NY cost?

Median Sold Price

$750,000

$506/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$51,000(+7.3%)

Key Takeaway

Homes in Bellerose have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Bellerose was $750,000 in November 2024, up 7.3% from last year, and the median price per square foot was $506.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $241K$246.5K
+2.3%
2 $363.5K$399K
+9.8%
3 $710K$755K
+6.3%
4 $772.5K$835K
+8.1%
5+ $1.0M$1.1M
+15.6%

Summary: Bellerose housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Cities

Floral Park
+10.7%
Bellerose
+7.3%
Queens
+6.6%
Bellerose
+6.2%
New York
+2.6%

Housing Supply in Bellerose, NY

How many homes are available in Bellerose, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8775-13.8%

Summary: The Bellerose real estate market had 75 homes for sale in November 2024, a 13.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1312
-7.7%
2 127
-41.7%
3 3330
-9.1%
4 2320
-13.0%
5+ 66
0.0%

Summary: The Bellerose housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 41.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1911-42.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellerose, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Bellerose in November 2024, down by 42.1% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.

Days on Market for Bellerose, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days74 Days+103.6%

Summary: Homes in Bellerose had an average of 74 days on market in Nov 2024, up by 103.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Bellerose; 45% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 36% 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 17 Days Ago

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