$10,000 Closing Credit*
$1,200,000
1,852 SqFt
4 Beds
•1 Full Bath, 1 Partial
#487477, Listing Office: DiTommaso Real Estate
Is Gravesend, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$35,000(-3.9%)
Key Takeaway
Homes in Gravesend have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Gravesend was $855,000 in October 2024, down 3.9% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $267.5K | +7.0% |
| 2 Bedrooms | $375.5K | $333K | -11.3% |
| 3 Bedrooms | $930K | $855K | -8.1% |
| 4 Bedrooms | $988K | $1.1M | +13.6% |
| 5+ Bedrooms | $1.3M | $1.3M | +1.4% |
Summary: Gravesend housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Homecrest | $480K | $645K | +34.4% |
| Brighton Beach | $510K | $610K | +19.6% |
| Southern Brooklyn | $601.6K | $590K | -1.9% |
| Gravesend | $890K | $855K | -3.9% |
Housing Supply in Gravesend, NY
How many homes are available in Gravesend, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 124 | -2.4% |
Summary: The Gravesend real estate market had 124 homes for sale in October 2024, a 2.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 22 | -15.4% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Gravesend housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gravesend, you may be able to get a good deal. 84.6% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Gravesend in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 85% were sold under asking, 0% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 110 Days | 108 Days | -2.3% |
Summary: Homes in Gravesend had an average of 108 days on market in Oct 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gravesend has remained consistent over time.
Summary: During October 2024, 13 homes were sold in Gravesend; 8% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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