Is Gordon Heights, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gordon Heights is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Gordon Heights was a Buyer's Market.

Key Takeaway

Gordon Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gordon Heights, NY

How much do homes in Gordon Heights, NY cost?

Median Sold Price

$500,000

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$60,000(+13.6%)

Key Takeaway

Homes in Gordon Heights have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Gordon Heights was $500,000 in December 2024, up 13.6% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $370.6K$363.7K
-1.9%
3 $437K$460K
+5.3%
4 $460K$529.9K
+15.2%
5+ $542K$425K
-21.6%

Summary: Gordon Heights housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 21.6%.

Median Sold Price Compared To Nearby Neighborhoods

Middle Island
+19.3%
Gordon Heights
+13.6%
Medford
+13.5%
Coram
+12.2%
Town of Brookhaven
+12.2%

Housing Supply in Gordon Heights, NY

How many homes are available in Gordon Heights, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2729+7.4%

Summary: The Gordon Heights real estate market had 29 homes for sale in December 2024, a 7.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1414
0.0%
4 710
+42.9%
5+ 43
-25.0%

Summary: The Gordon Heights housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gordon Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Gordon Heights in December 2024, up by 66.7% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Gordon Heights, NY

How long does it take to sell a home in Gordon Heights, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
167 Days54 Days-67.3%

Summary: Homes in Gordon Heights had an average of 54 days on market in Dec 2024, down by 67.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gordon Heights are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 5 homes were sold in Gordon Heights; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Gordon Heights, NY

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