$10,000 Closing Credit*
$899,000
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Five Towns Miller Realty Inc
Is Cedarhurst, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Cedarhurst has remained a Buyer's Market.
Key Takeaway
Cedarhurst is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cedarhurst, NY
How much do homes in Cedarhurst, NY cost?
Median Sold Price
$1,100,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$197,500(+21.9%)
Key Takeaway
Homes in Cedarhurst have sold for 21.9% more than they did a year ago.
Summary: The median home sold price in Cedarhurst was $1,100,000 in September 2024, up 21.9% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $230K | -9.4% |
| 2 Bedrooms | $308.5K | $350K | +13.5% |
| 3 Bedrooms | $725K | $896.5K | +23.7% |
| 4 Bedrooms | $949.5K | $1.1M | +19.8% |
| 5+ Bedrooms | $1.2M | $1.2M | -5.2% |
Summary: Cedarhurst housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Lawrence | $467.5K | $744.5K | +59.3% |
| Cedarhurst | $902.5K | $1.1M | +21.9% |
Housing Supply in Cedarhurst, NY
How many homes are available in Cedarhurst, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Cedarhurst real estate market had 39 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Cedarhurst housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedarhurst, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cedarhurst in September 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Cedarhurst, NY
How long does it take to sell a home in Cedarhurst, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 52 Days | 245 Days | +372.3% |
Summary: Homes in Cedarhurst had an average of 245 days on market in Sep 2024, up by 372.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cedarhurst are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 5 homes were sold in Cedarhurst; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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.