$10,000 Closing Credit*
$1,088,000
2,800 SqFt
3 Beds
•3 Full Baths, 1 Partial
Listing Office: Douglas Elliman Real Estate
Is Jericho, 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, Jericho was a Seller's Market.
Key Takeaway
Jericho is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jericho, NY
How much do homes in Jericho, NY cost?
Median Sold Price
$1,199,000
$511/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$164,000(+15.8%)
Key Takeaway
Homes in Jericho have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Jericho was $1,199,000 in October 2024, up 15.8% from last year, and the median price per square foot was $511.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $772.5K | $845K | +9.4% |
| 3 Bedrooms | $902K | $1.0M | +12.0% |
| 4 Bedrooms | $1.1M | $1.2M | +14.9% |
| 5+ Bedrooms | $1.5M | $1.4M | -4.3% |
Summary: Jericho housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Jericho | $1.0M | $1.1M | +15.8% |
| Hicksville | $640K | $735K | +14.8% |
| New Cassel | $530K | $600K | +13.2% |
| Town of Oyster Bay | $745K | $826.3K | +10.9% |
| Syosset | $945K | $1.0M | +9.9% |
Housing Supply in Jericho, NY
How many homes are available in Jericho, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 75 | 80 | +6.7% |
Summary: The Jericho real estate market had 80 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 30 | 32 | +6.7% |
| 5+ Bedrooms | 19 | 24 | +26.3% |
Summary: The Jericho housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 26.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jericho, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Jericho in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Jericho, NY
How long does it take to sell a home in Jericho, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 58 Days | +42.4% |
Summary: Homes in Jericho had an average of 58 days on market in Oct 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jericho has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Jericho; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.