$10,000 Closing Credit*
$1,275,000
1,400 SqFt
3 Beds
•2 Full Baths, 1 Partial
#488090, Listing Office: Behfar Team, LLC
Is Homecrest, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Homecrest was a Seller's Market.
Key Takeaway
Homecrest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Homecrest, NY
How much do homes in Homecrest, NY cost?
Median Sold Price
$690,000
$521/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$240,000(+53.3%)
Key Takeaway
Homes in Homecrest have sold for 53.3% more than they did a year ago.
Summary: The median home sold price in Homecrest was $690,000 in November 2024, up 53.3% from last year, and the median price per square foot was $521.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $277.5K | $360K | +29.7% |
| 2 Bedrooms | $450K | $514.9K | +14.4% |
| 3 Bedrooms | $859K | $950K | +10.6% |
| 4 Bedrooms | $912.5K | $980K | +7.4% |
| 5+ Bedrooms | $1.2M | $1.5M | +20.8% |
Summary: Homecrest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Homecrest | $450K | $690K | +53.3% |
| Sheepshead Bay | $345K | $440K | +27.5% |
| Southern Brooklyn | $586.8K | $604.2K | +3.0% |
Housing Supply in Homecrest, NY
How many homes are available in Homecrest, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Summary: The Homecrest real estate market had 54 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Homecrest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homecrest, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Homecrest in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Homecrest, NY
How long does it take to sell a home in Homecrest, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 177 Days | +80.4% |
Summary: Homes in Homecrest had an average of 177 days on market in Nov 2024, up by 80.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Homecrest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in Homecrest; 29% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 71% of homes were sold over 90 days.
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