$4,499,000
3,384 SqFt
4 Beds
•4 Full Baths, 2 Partial
#RPLU-5123269924, Aran Scott, Listing Office: Douglas Elliman Real Estate
Is East Williamsburg, 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, East Williamsburg has remained a Buyer's Market.
Key Takeaway
East Williamsburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Williamsburg, NY
How much do homes in East Williamsburg, NY cost?
Median Sold Price
$1,020,000
$1,259/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$20,500(+2.1%)
Key Takeaway
Homes in East Williamsburg have sold for 2.1% more than they did a month ago.
Summary: The median home sold price in East Williamsburg was $1,020,000 in November 2024, up 2.1% from last month, and the median price per square foot was $1,259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $865K | $699K | -19.2% |
| 2 Bedrooms | $1.4M | $1.0M | -31.8% |
| 3 Bedrooms | $1.7M | $1.4M | -16.7% |
| 4 Bedrooms | - | $2.1M | N/A |
| 5+ Bedrooms | $1.9M | $1.8M | -4.2% |
Summary: East Williamsburg housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 19.2%, 2 bedroom homes decreased by 31.8%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
| East Williamsburg | $999.5K | $1.0M | +2.1% |
| Northern Brooklyn | $1.2M | $1.1M | -7.1% |
Housing Supply in East Williamsburg, NY
How many homes are available in East Williamsburg, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 70 | -23.1% |
Summary: The East Williamsburg real estate market had 70 homes for sale in November 2024, a 23.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 24 | -27.3% |
| 2 Bedrooms | 28 | 19 | -32.1% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The East Williamsburg housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 32.1%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Williamsburg, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in East Williamsburg in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for East Williamsburg, NY
How long does it take to sell a home in East Williamsburg, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 Days | 105 Days | +38.2% |
Summary: Homes in East Williamsburg had an average of 105 days on market in Nov 2024, up by 38.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Williamsburg has remained consistent over time.
Summary: During November 2024, 9 homes were sold in East Williamsburg; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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