$7,113 Closing Credit*
$599,000
9,583 SqFt
4 Beds
•2 Full Baths
#487481, Listing Office: BHHS Fillmore R.E.
Is Elwood, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Elwood was a Seller's Market.
Key Takeaway
Elwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Elwood, NY
How much do homes in Elwood, NY cost?
Median Sold Price
$760,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,500(+5.2%)
Key Takeaway
Homes in Elwood have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Elwood was $760,000 in October 2024, up 5.2% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $962.5K | $797.5K | -17.1% |
| 3 Bedrooms | $602.5K | $672.5K | +11.6% |
| 4 Bedrooms | $768.5K | $823.5K | +7.2% |
| 5+ Bedrooms | $835K | $900K | +7.8% |
Summary: Elwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenlawn | $645K | $730K | +13.2% |
| Commack | $675K | $749.5K | +11.0% |
| East Northport | $675K | $720.5K | +6.7% |
| Elwood | $722.5K | $760K | +5.2% |
| Dix Hills | $950K | $995K | +4.7% |
Housing Supply in Elwood, NY
How many homes are available in Elwood, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Elwood real estate market had 37 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Elwood 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 remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elwood, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Elwood in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Elwood, NY
How long does it take to sell a home in Elwood, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +21.9% |
Summary: Homes in Elwood had an average of 36 days on market in Oct 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elwood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Elwood; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.