$10,000 Closing Credit*
$850,000
1,100 SqFt
2 Beds
•2 Full Baths
#487325, Listing Office: ProBase Real Estate
Is Bensonhurst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Bensonhurst has remained a Buyer's Market.
Key Takeaway
Bensonhurst is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bensonhurst, NY
How much do homes in Bensonhurst, NY cost?
Median Sold Price
$1,200,000
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,666(+6.5%)
Key Takeaway
Homes in Bensonhurst have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Bensonhurst was $1,200,000 in October 2024, up 6.5% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | $476K | +33.1% |
| 2 Bedrooms | $555K | $660.5K | +19.0% |
| 3 Bedrooms | $970K | $989K | +2.0% |
| 4 Bedrooms | $1.1M | $1.1M | +4.9% |
| 5+ Bedrooms | $1.5M | $1.5M | +1.3% |
Summary: Bensonhurst housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Bensonhurst | $1.1M | $1.2M | +6.5% |
| Dyker Heights | $1.2M | $1.2M | +4.1% |
| New Utrecht | $998K | $1.0M | +1.2% |
| Gravesend | $890K | $855K | -3.9% |
Housing Supply in Bensonhurst, NY
How many homes are available in Bensonhurst, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 201 | 192 | -4.5% |
Summary: The Bensonhurst real estate market had 192 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 22 | -15.4% |
| 2 Bedrooms | 31 | 34 | +9.7% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 86 | 81 | -5.8% |
Summary: The Bensonhurst housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 5.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 19 | -13.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bensonhurst, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Bensonhurst in October 2024, down by 13.6% month-over-month. Of the 19 sold homes, 53% were sold under asking, 32% were sold at asking, and 16% were sold over asking.
Days on Market for Bensonhurst, NY
How long does it take to sell a home in Bensonhurst, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 74 Days | +19.5% |
Summary: Homes in Bensonhurst had an average of 74 days on market in Oct 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bensonhurst are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Bensonhurst; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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