Is Howard Beach, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howard Beach is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Howard Beach, NY

How much do homes in Howard Beach, NY cost?

Median Sold Price

$822,500

$422/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$337,000(+69.4%)

Key Takeaway

Homes in Howard Beach have sold for 69.4% more than they did a year ago.

Summary: The median home sold price in Howard Beach was $822,500 in November 2024, up 69.4% from last year, and the median price per square foot was $422.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $192.5K$182.5K
-5.2%
2 $285K$299K
+4.9%
3 $485.5K$750K
+54.5%
4 $907.5K$950K
+4.7%
5+ $972K$999.4K
+2.8%

Summary: Howard Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Neighborhoods

Howard Beach
+69.4%
Southwestern Queens
+5.5%
Old Howard Beach
+3.1%
Lindenwood
-5.3%

Housing Supply in Howard Beach, NY

How many homes are available in Howard Beach, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7671-6.6%

Summary: The Howard Beach real estate market had 71 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 1818
0.0%
3 1515
0.0%
4 1920
+5.3%
5+ 1610
-37.5%

Summary: The Howard Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howard Beach, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Howard Beach in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.

Days on Market for Howard Beach, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
94 Days97 Days+2.3%

Summary: Homes in Howard Beach had an average of 97 days on market in Nov 2024, up by 2.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Howard Beach has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Howard Beach; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% 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 21 Days Ago

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