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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellerose is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Bellerose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bellerose, NY

How much do homes in Bellerose, NY cost?

Median Sold Price

$750,000

$510/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+6.4%)

Key Takeaway

Homes in Bellerose have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Bellerose was $750,000 in October 2024, up 6.4% from last year, and the median price per square foot was $510.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $233.5K$250K
+7.1%
2 $605K$465K
-23.1%
3 $703.5K$750K
+6.6%
4 $765K$835K
+9.2%
5+ $1.0M$857K
-18.3%

Summary: Bellerose housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 18.3%.

Median Sold Price Compared To Nearby Neighborhoods

Bellerose
+6.4%
Bellaire
+5.3%
Glen Oaks
+5.0%
Floral Park
+3.2%

Housing Supply in Bellerose, NY

How many homes are available in Bellerose, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6770+4.5%

Summary: The Bellerose real estate market had 70 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 109
-10.0%
3 2329
+26.1%
4 2623
-11.5%
5+ 34
+33.3%

Summary: The Bellerose 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 10%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
816+100.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 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. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Bellerose in October 2024, up by 100.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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

Oct 2023Oct 2024CHANGE
47 Days72 Days+53.3%

Summary: Homes in Bellerose had an average of 72 days on market in Oct 2024, up by 53.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 16 homes were sold in Bellerose; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 4 Days Ago

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