$7,707 Closing Credit*
$649,000
1,100 SqFt
2 Beds
•1 Full Bath
#488044, 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 November 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
$515,000
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$30,000(-5.5%)
Key Takeaway
Homes in Fort Hamilton have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Fort Hamilton was $515,000 in November 2024, down 5.5% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $338.7K | $339K | 0.1% |
| 2 Bedrooms | $667.5K | $550K | -17.6% |
| 3 Bedrooms | $1.0M | $994K | -3.0% |
| 4 Bedrooms | $1.0M | $1.2M | +20.2% |
| 5+ Bedrooms | $1.4M | $1.4M | +4.3% |
Summary: Fort Hamilton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Dyker Heights | $1.1M | $1.2M | +3.4% |
| New Utrecht | $993K | $1.0M | +2.2% |
| Bay Ridge | $985K | $995.3K | +1.0% |
| Fort Hamilton | $545K | $515K | -5.5% |
Housing Supply in Fort Hamilton, NY
How many homes are available in Fort Hamilton, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 76 | -7.3% |
Summary: The Fort Hamilton real estate market had 76 homes for sale in November 2024, a 7.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 27 | 0.0% |
| 2 Bedrooms | 27 | 23 | -14.8% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Fort Hamilton 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 14.8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 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. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Fort Hamilton in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 142 Days | 83 Days | -41.4% |
Summary: Homes in Fort Hamilton had an average of 83 days on market in Nov 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fort Hamilton has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Fort Hamilton; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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