Is Dyker Heights, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dyker Heights is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Dyker Heights, NY

How much do homes in Dyker Heights, NY cost?

Median Sold Price

$1,236,000

$704/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,000(+3.4%)

Key Takeaway

Homes in Dyker Heights have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Dyker Heights was $1,236,000 in November 2024, up 3.4% from last year, and the median price per square foot was $704.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $373.7K-
N/A
2 $850K$872.5K
+2.6%
3 $1.0M$1.1M
+13.4%
4 $1.2M$1.1M
-12.0%
5+ $1.5M$1.5M
+1.0%

Summary: Dyker Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Neighborhoods

Dyker Heights
+3.4%
New Utrecht
+2.2%
Bay Ridge
+1.0%
Fort Hamilton
-5.5%

Housing Supply in Dyker Heights, NY

How many homes are available in Dyker Heights, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5846-20.7%

Summary: The Dyker Heights real estate market had 46 homes for sale in November 2024, a 20.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1512
-20.0%
4 1311
-15.4%
5+ 2618
-30.8%

Summary: The Dyker Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 30.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dyker Heights, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Dyker Heights in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Dyker Heights, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
87 Days31 Days-64.2%

Summary: Homes in Dyker Heights had an average of 31 days on market in Nov 2024, down by 64.2% compared to last year.

Breakdown of Home Sale Times

4 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 Dyker Heights are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Dyker Heights; 80% of homes were sold within 30 days, 20% 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 17 Days Ago

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