$10,000 Closing Credit*
$963,000
1,344 SqFt
3 Beds
•2 Full Baths
#487428, Listing Office: RE/MAX Elite
Is Fort Hamilton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Fort Hamilton has remained a Buyer's Market.
Key Takeaway
Fort Hamilton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Hamilton, NY
How much do homes in Fort Hamilton, NY cost?
Median Sold Price
$507,500
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$42,500(-7.7%)
Key Takeaway
Homes in Fort Hamilton have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Fort Hamilton was $507,500 in October 2024, down 7.7% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $342.5K | $338.2K | -1.2% |
| 2 Bedrooms | $680K | $560K | -17.6% |
| 3 Bedrooms | $1.0M | $998K | -1.1% |
| 4 Bedrooms | $1.0M | $1.2M | +20.2% |
| 5+ Bedrooms | $1.4M | $1.5M | +8.2% |
Summary: Fort Hamilton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Dyker Heights | $1.2M | $1.2M | +4.1% |
| New Utrecht | $998K | $1.0M | +1.2% |
| Bay Ridge | $1.0M | $990K | -2.7% |
| Fort Hamilton | $550K | $507.5K | -7.7% |
Housing Supply in Fort Hamilton, NY
How many homes are available in Fort Hamilton, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 78 | 0.0% |
Summary: The Fort Hamilton real estate market had 78 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 | 24 | 25 | +4.2% |
| 2 Bedrooms | 29 | 25 | -13.8% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Fort Hamilton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fort Hamilton, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Fort Hamilton in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Fort Hamilton, NY
How long does it take to sell a home in Fort Hamilton, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 228 Days | 118 Days | -47.9% |
Summary: Homes in Fort Hamilton had an average of 118 days on market in Oct 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fort Hamilton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 9 homes were sold in Fort Hamilton; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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