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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellmore is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bellmore was a Seller's Market.

Key Takeaway

Bellmore 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 Bellmore, NY

How much do homes in Bellmore, NY cost?

Median Sold Price

$735,000

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+10.5%)

Key Takeaway

Homes in Bellmore have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Bellmore was $735,000 in October 2024, up 10.5% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $380.8K$382K
0.3%
2 $457.5K$559K
+22.2%
3 $615K$675K
+9.8%
4 $745K$799.5K
+7.3%
5+ $811K$999.9K
+23.3%

Summary: Bellmore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 23.3%.

Median Sold Price Compared To Nearby Neighborhoods

Wantagh
+12.7%
North Bellmore
+11.1%
Bellmore
+10.5%
Town of Hempstead
+10.1%
Merrick
+3.9%

Housing Supply in Bellmore, NY

How many homes are available in Bellmore, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5963+6.8%

Summary: The Bellmore real estate market had 63 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1817
-5.6%
4 2831
+10.7%
5+ 1012
+20.0%

Summary: The Bellmore 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 remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellmore, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Bellmore in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
44 Days36 Days-17.7%

Summary: Homes in Bellmore had an average of 36 days on market in Oct 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 10 homes were sold in Bellmore; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in Bellmore, NY

Nearby Markets to Bellmore, NY