Is Black Rock, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Rock is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Black Rock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Black Rock, NY

How much do homes in Black Rock, NY cost?

Median Sold Price

$140,000

$74/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,100(+16.8%)

Key Takeaway

Homes in Black Rock have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in Black Rock was $140,000 in October 2024, up 16.8% from last year, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$52K
-68.5%
2 $87.5K$112.5K
+28.6%
3 $93.2K$147.5K
+58.2%
4 $165K$138.5K
-16.1%
5+ $189.9K$145K
-23.7%

Summary: Black Rock housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.5%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 58.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 23.7%.

Median Sold Price Compared To Nearby Neighborhoods

Black Rock
+16.8%
Riverside Park
+16.4%
Forest
-14.9%

Housing Supply in Black Rock, NY

How many homes are available in Black Rock, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
24240.0%

Summary: The Black Rock real estate market had 24 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 87
-12.5%
4 58
+60.0%
5+ 118
-27.3%

Summary: The Black Rock 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 increased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Rock, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Black Rock in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Black Rock, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
9 Days37 Days+318.5%

Summary: Homes in Black Rock had an average of 37 days on market in Oct 2024, up by 318.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Black Rock are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Black Rock; 67% of homes were sold within 30 days, 33% 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 Black Rock, NY

Nearby Markets to Black Rock, NY