$1,532 Closing Credit*
$129,000
500 SqFt
Studio
•1 Full Bath
Listing Office: Century 21 Milestone Realty
Is Locust Manor, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Locust Manor has remained a Buyer's Market.
Key Takeaway
Locust Manor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Locust Manor, NY
How much do homes in Locust Manor, NY cost?
Median Sold Price
$660,000
$429/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+1.5%)
Key Takeaway
Homes in Locust Manor have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Locust Manor was $660,000 in November 2024, up 1.5% from last year, and the median price per square foot was $429.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $200K | +25.0% |
| 2 Bedrooms | $555K | $595K | +7.2% |
| 3 Bedrooms | $612.5K | $580K | -5.3% |
| 4 Bedrooms | $650K | $735K | +13.1% |
| 5+ Bedrooms | $925K | $920K | -0.5% |
Summary: Locust Manor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Neighborhoods
| South Jamaica | $647.5K | $695K | +7.3% |
| Southeastern Queens | $650K | $680.9K | +4.8% |
| Saint Albans | $646.6K | $673K | +4.1% |
| Locust Manor | $650K | $660K | +1.5% |
| Springfield Gardens | $767.5K | $700K | -8.8% |
Housing Supply in Locust Manor, NY
How many homes are available in Locust Manor, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 57 | +7.5% |
Summary: The Locust Manor real estate market had 57 homes for sale in November 2024, a 7.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Locust Manor 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 increased by 14.3%, 3 bedroom homes increased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Manor, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Locust Manor in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Locust Manor, NY
How long does it take to sell a home in Locust Manor, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 59 Days | 29 Days | -51.1% |
Summary: Homes in Locust Manor had an average of 29 days on market in Nov 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust Manor are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Locust Manor; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.