$10,000 Closing Credit*
$1,295,000
1,800 SqFt
3 Beds
•2 Full Baths
#488125, Listing Office: Winzone Realty Inc
Is Gravesend, 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, Gravesend has remained a Buyer's Market.
Key Takeaway
Gravesend is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gravesend, NY
How much do homes in Gravesend, NY cost?
Median Sold Price
$855,000
$441/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+0.6%)
Key Takeaway
Homes in Gravesend have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Gravesend was $855,000 in November 2024, up 0.6% from last year, and the median price per square foot was $441.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $265K | +6.0% |
| 2 Bedrooms | $375.5K | $335K | -10.8% |
| 3 Bedrooms | $934K | $855K | -8.5% |
| 4 Bedrooms | $988K | $1.0M | +10.8% |
| 5+ Bedrooms | $1.3M | $1.3M | 0.3% |
Summary: Gravesend housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Homecrest | $450K | $690K | +53.3% |
| Brighton Beach | $525K | $615K | +17.1% |
| Southern Brooklyn | $586.8K | $604.2K | +3.0% |
| Coney Island | $440K | $450K | +2.3% |
| Gravesend | $850K | $855K | +0.6% |
Housing Supply in Gravesend, NY
How many homes are available in Gravesend, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 104 | -14.8% |
Summary: The Gravesend real estate market had 104 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 15 | -31.8% |
| 2 Bedrooms | 27 | 25 | -7.4% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 15 | 9 | -40.0% |
| 5+ Bedrooms | 35 | 31 | -11.4% |
Summary: The Gravesend housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 31.8%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 11.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
9 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 Gravesend, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Gravesend in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Gravesend, NY
How long does it take to sell a home in Gravesend, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 207 Days | 185 Days | -10.6% |
Summary: Homes in Gravesend had an average of 185 days on market in Nov 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gravesend are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in Gravesend; 10% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.