Is Deerpark, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deerpark is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Deerpark, NY

How much do homes in Deerpark, NY cost?

Median Sold Price

$331,000

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$46,500(+16.3%)

Key Takeaway

Homes in Deerpark have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Deerpark was $331,000 in October 2024, up 16.3% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$42K
-73.8%
2 $189.9K$255K
+34.3%
3 $310K$335K
+8.1%
4 $420K$389K
-7.4%
5+ $175K$349K
+99.4%

Summary: Deerpark housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 73.8%, 2 bedroom homes increased by 34.3%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 99.4%.

Median Sold Price Compared To Nearby Cities

Sparrow Bush
+39.1%
Deerpark
+16.3%
Port Jervis
+12.7%

Housing Supply in Deerpark, NY

How many homes are available in Deerpark, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4450+13.6%

Summary: The Deerpark real estate market had 50 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 57
+40.0%
3 2528
+12.0%
4 89
+12.5%
5+ 33
0.0%

Summary: The Deerpark 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 40%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deerpark, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Deerpark in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Deerpark, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days58 Days+37.4%

Summary: Homes in Deerpark had an average of 58 days on market in Oct 2024, up by 37.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Deerpark; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Deerpark, NY

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