$10,000 Closing Credit*
$1,149,000
2,085 SqFt
6 Beds
•2 Full Baths
Listing Office: Real Estate Authorities Inc
Is Malba, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Malba has remained a Buyer's Market.
Key Takeaway
Malba is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Malba, NY
How much do homes in Malba, NY cost?
Median Sold Price
$790,000
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$209,000(-20.9%)
Key Takeaway
Homes in Malba have sold for 20.9% less than they did a year ago.
Summary: The median home sold price in Malba was $790,000 in October 2024, down 20.9% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $352.4K | +10.1% |
| 2 Bedrooms | $395K | $395K | 0.0% |
| 3 Bedrooms | $1.0M | $837.5K | -17.0% |
| 4 Bedrooms | $999K | $1.3M | +36.1% |
| 5+ Bedrooms | $1.5M | $1.4M | -6.6% |
Summary: Malba housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 17%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Northeastern Queens | $718K | $741.2K | +3.2% |
| Beechhurst | $669.5K | $670K | 0.1% |
| Whitestone | $890K | $860K | -3.4% |
| Malba | $999K | $790K | -20.9% |
Housing Supply in Malba, NY
How many homes are available in Malba, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Summary: The Malba real estate market had 34 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Malba 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 14.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malba, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Malba in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Malba, NY
How long does it take to sell a home in Malba, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 160 Days | +7900.0% |
Summary: Homes in Malba had an average of 160 days on market in Oct 2024, up by 7900% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Malba are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Malba; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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. 
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