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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellmore is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Bellmore was a Neutral Market.

Key Takeaway

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

Housing Prices in Bellmore, NY

How much do homes in Bellmore, NY cost?

Median Sold Price

$739,000

$420/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,500(+8.8%)

Key Takeaway

Homes in Bellmore have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Bellmore was $739,000 in November 2024, up 8.8% from last year, and the median price per square foot was $420.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $370.6K$399K
+7.6%
2 $460K$566.5K
+23.2%
3 $617.5K$677.5K
+9.7%
4 $749.5K$781K
+4.2%
5+ $810K$999.9K
+23.5%

Summary: Bellmore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Neighborhoods

North Bellmore
+10.4%
Wantagh
+9.9%
Town of Hempstead
+9.7%
Bellmore
+8.8%
Merrick
+3.9%

Housing Supply in Bellmore, NY

How many homes are available in Bellmore, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
60600.0%

Summary: The Bellmore real estate market had 60 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1616
0.0%
4 2928
-3.4%
5+ 1212
0.0%

Summary: The Bellmore housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellmore, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Bellmore in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.

Days on Market for Bellmore, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days27 Days-53.9%

Summary: Homes in Bellmore had an average of 27 days on market in Nov 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

9 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 Bellmore are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Bellmore; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

Newest Listings in Bellmore, NY

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