Is East Meadow, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Meadow is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, East Meadow has remained a Seller's Market.

Key Takeaway

East Meadow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Meadow, NY

How much do homes in East Meadow, NY cost?

Median Sold Price

$735,000

$461/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$81,687(+12.5%)

Key Takeaway

Homes in East Meadow have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in East Meadow was $735,000 in November 2024, up 12.5% from last year, and the median price per square foot was $461.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$410K
N/A
2 $540K$600K
+11.1%
3 $662.5K$711K
+7.3%
4 $675K$770.1K
+14.1%
5+ $762.4K$950K
+24.6%

Summary: East Meadow 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 11.1%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 24.6%.

Median Sold Price Compared To Nearby Neighborhoods

East Garden City
+15.2%
Barnum Woods Proper
+14.1%
Salisbury
+13.1%
East Meadow
+12.5%
Barnum Woods
+7.9%

Housing Supply in East Meadow, NY

How many homes are available in East Meadow, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
125122-2.4%

Summary: The East Meadow real estate market had 122 homes for sale in November 2024, a 2.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 2017
-15.0%
3 3741
+10.8%
4 3632
-11.1%
5+ 2828
0.0%

Summary: The East Meadow 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 decreased by 15%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2122+4.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Meadow, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in East Meadow in November 2024, up by 4.8% month-over-month. Of the 22 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.

Days on Market for East Meadow, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days69 Days+101.4%

Summary: Homes in East Meadow had an average of 69 days on market in Nov 2024, up by 101.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 22 homes were sold in East Meadow; 64% of homes were sold within 30 days, 23% 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 21 Days Ago

Newest Listings in East Meadow, NY

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