$3,907 Closing Credit*
$329,000
882 SqFt
1 Bed
•1 Full Bath
Listing Office: RE/MAX City Square
Is Broad Channel, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Broad Channel was a Seller's Market.
Key Takeaway
Broad Channel 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 Broad Channel, NY
How much do homes in Broad Channel, NY cost?
Median Sold Price
$440,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$145,000(-24.8%)
Key Takeaway
Homes in Broad Channel have sold for 24.8% less than they did a year ago.
Summary: The median home sold price in Broad Channel was $440,000 in November 2024, down 24.8% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $430K | $393K | -8.6% |
| 2 Bedrooms | $570.5K | $465K | -18.5% |
| 3 Bedrooms | $560K | $440K | -21.4% |
| 4 Bedrooms | $1.1M | $650K | -40.9% |
| 5+ Bedrooms | $664.7K | $930K | +39.9% |
Summary: Broad Channel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 40.9%, and 5+ bedroom homes increased by 39.9%.
Median Sold Price Compared To Nearby Neighborhoods
| The Rockaways | $680K | $650K | -4.4% |
| Broad Channel | $585K | $440K | -24.8% |
Housing Supply in Broad Channel, NY
How many homes are available in Broad Channel, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Summary: The Broad Channel real estate market had 13 homes for sale in November 2024, a 13.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Broad Channel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broad Channel, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Broad Channel in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Broad Channel, NY
How long does it take to sell a home in Broad Channel, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 160 Days | 89 Days | -44.4% |
Summary: Homes in Broad Channel had an average of 89 days on market in Nov 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Broad Channel has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Broad Channel; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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.