Is Glen Cove, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Glen Cove is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Glen Cove was a Seller's Market.

Key Takeaway

Glen Cove 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 Glen Cove, NY

How much do homes in Glen Cove, NY cost?

Median Sold Price

$700,000

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,750(+12.1%)

Key Takeaway

Homes in Glen Cove have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Glen Cove was $700,000 in October 2024, up 12.1% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $279K$290K
+3.9%
2 $414K$487.5K
+17.8%
3 $599K$680K
+13.5%
4 $710K$790K
+11.3%
5+ $850K$998K
+17.4%

Summary: Glen Cove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Cities

Sea Cliff
+20.5%
Glen Cove
+12.1%
Oyster Bay
+10.9%

Housing Supply in Glen Cove, NY

How many homes are available in Glen Cove, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118131+11.0%

Summary: The Glen Cove real estate market had 131 homes for sale in October 2024, a 11.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1112
+9.1%
2 2118
-14.3%
3 2732
+18.5%
4 3338
+15.2%
5+ 2631
+19.2%

Summary: The Glen Cove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 19.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1719+11.8%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Glen Cove, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Glen Cove in October 2024, up by 11.8% month-over-month. Of the 19 sold homes, 47% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for Glen Cove, NY

How long does it take to sell a home in Glen Cove, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days54 Days+10.6%

Summary: Homes in Glen Cove had an average of 54 days on market in Oct 2024, up by 10.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Glen Cove has remained consistent over time.

Summary: During October 2024, 19 homes were sold in Glen Cove; 37% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Glen Cove, NY

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