$8,906 Closing Credit*
$750,000
4 Beds
•2 Full Baths
Listing Office: Charles Rutenberg Realty Inc
Is Elmont, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Elmont was a Seller's Market.
Key Takeaway
Elmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmont, NY
How much do homes in Elmont, NY cost?
Median Sold Price
$675,000
$452/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+9.8%)
Key Takeaway
Homes in Elmont have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Elmont was $675,000 in November 2024, up 9.8% from last year, and the median price per square foot was $452.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | $350K | -2.1% |
| 2 Bedrooms | $480K | $497.5K | +3.6% |
| 3 Bedrooms | $590K | $650K | +10.2% |
| 4 Bedrooms | $625K | $664K | +6.2% |
| 5+ Bedrooms | $760K | $880K | +15.8% |
Summary: Elmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Franklin Square | $685K | $752.5K | +9.9% |
| Elmont | $615K | $675K | +9.8% |
| Town of Hempstead | $638.1K | $700K | +9.7% |
| North Valley Stream | $620K | $653K | +5.3% |
Housing Supply in Elmont, NY
How many homes are available in Elmont, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 96 | 96 | 0.0% |
Summary: The Elmont real estate market had 96 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 44 | 44 | 0.0% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Elmont 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 16.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elmont, you could pay more than the asking price. 76.9% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Elmont in November 2024, down by 13.3% month-over-month. Of the 13 sold homes, 15% were sold under asking, 8% were sold at asking, and 77% were sold over asking.
Days on Market for Elmont, NY
How long does it take to sell a home in Elmont, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 66 Days | 48 Days | -27.3% |
Summary: Homes in Elmont had an average of 48 days on market in Nov 2024, down by 27.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elmont has remained consistent over time.
Summary: During November 2024, 13 homes were sold in Elmont; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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.