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

$725,000

$491/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,000(+3.7%)

Key Takeaway

Homes in Bellerose have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Bellerose was $725,000 in October 2024, up 3.7% from last year, and the median price per square foot was $491.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $241K$248K
+2.9%
2 $350K$357K
+2.0%
3 $703.5K$750K
+6.6%
4 $765K$833.7K
+9.0%
5+ $1.0M$1.1M
+8.9%

Summary: Bellerose housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Cities

Bellerose
+7.1%
Floral Park
+5.3%
Queens
+4.4%
Bellerose
+3.7%
New York
+1.2%

Housing Supply in Bellerose, NY

How many homes are available in Bellerose, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9297+5.4%

Summary: The Bellerose real estate market had 97 homes for sale in October 2024, a 5.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1314
+7.7%
2 1413
-7.1%
3 2935
+20.7%
4 3128
-9.7%
5+ 57
+40.0%

Summary: The Bellerose housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1218+50.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 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 18 homes were sold or pending in Bellerose in October 2024, up by 50.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% 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
49 Days69 Days+39.8%

Summary: Homes in Bellerose had an average of 69 days on market in Oct 2024, up by 39.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 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, 18 homes were sold in Bellerose; 28% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

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