$2,601 Closing Credit*
$219,000
900 SqFt
2 Beds
•1 Full Bath
#487956, Listing Office: George L Clark Inc
Is Gerritsen Beach, 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, Gerritsen Beach has remained a Buyer's Market.
Key Takeaway
Gerritsen Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gerritsen Beach, NY
How much do homes in Gerritsen Beach, NY cost?
Median Sold Price
$475,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$85,000(-15.2%)
Key Takeaway
Homes in Gerritsen Beach have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in Gerritsen Beach was $475,000 in November 2024, down 15.2% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.5K | $198K | +8.5% |
| 2 Bedrooms | $255K | $420K | +64.7% |
| 3 Bedrooms | $645K | $600K | -7.0% |
| 4 Bedrooms | $765K | $599.5K | -21.6% |
| 5+ Bedrooms | $647.5K | $795K | +22.8% |
Summary: Gerritsen Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 64.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes increased by 22.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $736.5K | $760K | +3.2% |
| Southern Brooklyn | $586.8K | $604.2K | +3.0% |
| Marine Park | $781K | $790K | +1.2% |
| Gerritsen Beach | $560K | $475K | -15.2% |
Housing Supply in Gerritsen Beach, NY
How many homes are available in Gerritsen Beach, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 58 | -14.7% |
Summary: The Gerritsen Beach real estate market had 58 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 8 | -33.3% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 33 | 28 | -15.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Gerritsen Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gerritsen Beach, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gerritsen Beach in November 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Gerritsen Beach, NY
How long does it take to sell a home in Gerritsen Beach, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 122 Days | 84 Days | -31.3% |
Summary: Homes in Gerritsen Beach had an average of 84 days on market in Nov 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gerritsen Beach has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Gerritsen Beach; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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