$8,609 Closing Credit*
$725,000
1,188 SqFt
3 Beds
•2 Full Baths
Listing Office: Winzone Realty Inc
Is Floral Park, 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, Floral Park was a Seller's Market.
Key Takeaway
Floral Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Floral Park, NY
How much do homes in Floral Park, NY cost?
Median Sold Price
$769,000
$553/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,000(+3.9%)
Key Takeaway
Homes in Floral Park have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Floral Park was $769,000 in November 2024, up 3.9% from last year, and the median price per square foot was $553.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.7K | $275K | +11.0% |
| 2 Bedrooms | $363K | $355K | -2.2% |
| 3 Bedrooms | $735K | $780K | +6.1% |
| 4 Bedrooms | $815K | $850K | +4.3% |
| 5+ Bedrooms | $1.0M | $975.5K | -4.8% |
Summary: Floral Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Town of North Hempstead | $893.9K | $985K | +10.2% |
| North New Hyde Park | $788K | $842.5K | +6.9% |
| Northeastern Queens | $691.1K | $723.7K | +4.7% |
| Floral Park | $740K | $769K | +3.9% |
| Glen Oaks | $375K | $355K | -5.3% |
Housing Supply in Floral Park, NY
How many homes are available in Floral Park, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 61 | -11.6% |
Summary: The Floral Park real estate market had 61 homes for sale in November 2024, a 11.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Floral Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 7 | -53.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Floral Park, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Floral Park in November 2024, down by 53.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Floral Park, NY
How long does it take to sell a home in Floral Park, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 62 Days | -29.7% |
Summary: Homes in Floral Park had an average of 62 days on market in Nov 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Floral Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Floral Park; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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. 
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