$10,000 Closing Credit*
$2,490,000
7 Full Baths
#487445, Listing Office: E House Realty & Mgt. Inc.
Is Homecrest, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$645,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$165,000(+34.4%)
Key Takeaway
Homes in Homecrest have sold for 34.4% more than they did a year ago.
Summary: The median home sold price in Homecrest was $645,000 in October 2024, up 34.4% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $320K | +14.3% |
| 2 Bedrooms | $475K | $500K | +5.3% |
| 3 Bedrooms | $888.1K | $980K | +10.3% |
| 4 Bedrooms | $912.5K | $980K | +7.4% |
| 5+ Bedrooms | $1.2M | $1.5M | +18.8% |
Summary: Homecrest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Homecrest | $480K | $645K | +34.4% |
| Sheepshead Bay | $345K | $380K | +10.1% |
| Madison | $860K | $895K | +4.1% |
| Southern Brooklyn | $601.6K | $590K | -1.9% |
Housing Supply in Homecrest, NY
How many homes are available in Homecrest, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 49 | +2.1% |
Summary: The Homecrest real estate market had 49 homes for sale in October 2024, a 2.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 11 | -21.4% |
| 2 Bedrooms | 15 | 18 | +20.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Homecrest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Homecrest in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 92 Days | +25.3% |
Summary: Homes in Homecrest had an average of 92 days on market in Oct 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Homecrest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Homecrest; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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