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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lindenhurst is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Lindenhurst was a Seller's Market.

Key Takeaway

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

Housing Prices in Lindenhurst, NY

How much do homes in Lindenhurst, NY cost?

Median Sold Price

$600,750

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+10.1%)

Key Takeaway

Homes in Lindenhurst have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Lindenhurst was $600,750 in October 2024, up 10.1% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250K$430K
+72.0%
2 $446K$505K
+13.2%
3 $525K$575K
+9.5%
4 $570K$632.5K
+11.0%
5+ $612.5K$694K
+13.3%

Summary: Lindenhurst housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 13.3%.

Housing Supply in Lindenhurst, NY

How many homes are available in Lindenhurst, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
186202+8.6%

Summary: The Lindenhurst real estate market had 202 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 2124
+14.3%
3 6577
+18.5%
4 6673
+10.6%
5+ 3226
-18.8%

Summary: The Lindenhurst 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 increased by 14.3%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 18.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2725-7.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lindenhurst, you could pay more than the asking price. 76% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in Lindenhurst in October 2024, down by 7.4% month-over-month. Of the 25 sold homes, 20% were sold under asking, 4% were sold at asking, and 76% were sold over asking.

Days on Market for Lindenhurst, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days41 Days-34.5%

Summary: Homes in Lindenhurst had an average of 41 days on market in Oct 2024, down by 34.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lindenhurst are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in Lindenhurst; 60% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% 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 20 Days Ago

Newest Listings in Lindenhurst, NY

Nearby Markets to Lindenhurst, NY