Is Hollis, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hollis is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Hollis has remained a Buyer's Market.

Key Takeaway

Hollis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hollis, NY

How much do homes in Hollis, NY cost?

Median Sold Price

$730,000

$482/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in Hollis has remained the same since last year.

Summary: The median home sold price in Hollis was $730,000 in November 2024, the same as last year, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$170K
+3.0%
2 $231.2K$245K
+5.9%
3 $650K$707.5K
+8.8%
4 $750K$772.5K
+3.0%
5+ $896K$965K
+7.7%

Summary: Hollis housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Neighborhoods

Jamaica Estates
+11.9%
Saint Albans
+4.1%
Hollis
0.0%

Housing Supply in Hollis, NY

How many homes are available in Hollis, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7583+10.7%

Summary: The Hollis real estate market had 83 homes for sale in November 2024, a 10.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 57
+40.0%
3 2933
+13.8%
4 1921
+10.5%
5+ 1920
+5.3%

Summary: The Hollis 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 increased by 40%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hollis, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hollis in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Hollis, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days79 Days+44.0%

Summary: Homes in Hollis had an average of 79 days on market in Nov 2024, up by 44% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hollis has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Hollis; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 22 Days Ago

Newest Listings in Hollis, NY

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