$4,144 Closing Credit*
$349,000
750 SqFt
1 Bed
•1 Full Bath
#487550, Listing Office: J. Sikar Realty
Is Coney Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Coney Island has remained a Buyer's Market.
Key Takeaway
Coney Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Coney Island, NY
How much do homes in Coney Island, NY cost?
Median Sold Price
$515,000
$403/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$117,500(+29.6%)
Key Takeaway
Homes in Coney Island have sold for 29.6% more than they did a month ago.
Summary: The median home sold price in Coney Island was $515,000 in October 2024, up 29.6% from last month, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $393.5K | +23.0% |
| 2 Bedrooms | $445K | $515K | +15.7% |
| 3 Bedrooms | $660K | $857.5K | +29.9% |
| 4 Bedrooms | - | $650K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Coney Island housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 23%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 29.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Coney Island, NY
How many homes are available in Coney Island, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 73 | -3.9% |
Summary: The Coney Island real estate market had 73 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 16 | -27.3% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Coney Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Coney Island, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Coney Island in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Coney Island, NY
How long does it take to sell a home in Coney Island, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 88 Days | +55.5% |
Summary: Homes in Coney Island had an average of 88 days on market in Oct 2024, up by 55.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Coney Island has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Coney Island; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
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. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.