$8,253 Closing Credit*
$695,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Maurice Chin Realty Inc
Is Locust Manor, 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, Locust Manor was a Seller'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
$653,000
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,000(+0.5%)
Key Takeaway
The sold price of homes in Locust Manor has remained the same since last year.
Summary: The median home sold price in Locust Manor was $653,000 in October 2024, up 0.5% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $200K | +25.0% |
| 2 Bedrooms | $565K | $595K | +5.3% |
| 3 Bedrooms | $612.5K | $579.9K | -5.3% |
| 4 Bedrooms | $645K | $700K | +8.5% |
| 5+ Bedrooms | $920K | $920K | 0.0% |
Summary: Locust Manor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Jamaica | $640K | $697.5K | +9.0% |
| Southeastern Queens | $650K | $680.7K | +4.7% |
| Saint Albans | $649K | $674K | +3.9% |
| Locust Manor | $650K | $653K | 0.5% |
| Springfield Gardens | $790K | $698K | -11.6% |
Housing Supply in Locust Manor, NY
How many homes are available in Locust Manor, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 60 | +15.4% |
Summary: The Locust Manor real estate market had 60 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Locust Manor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Manor, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Locust Manor in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 108 Days | 60 Days | -43.9% |
Summary: Homes in Locust Manor had an average of 60 days on market in Oct 2024, down by 43.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Locust Manor has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Locust Manor; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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.