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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manhasset is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Manhasset has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Manhasset, NY

How much do homes in Manhasset, NY cost?

Median Sold Price

$1,615,000

$660/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$230,000(+16.6%)

Key Takeaway

Homes in Manhasset have sold for 16.6% more than they did a year ago.

Summary: The median home sold price in Manhasset was $1,615,000 in November 2024, up 16.6% from last year, and the median price per square foot was $660.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $287.5K$797.5K
+177.4%
2 $1.1M$900K
-21.2%
3 $1.3M$1.5M
+14.5%
4 $1.6M$1.7M
+9.2%
5+ $1.3M$2.5M
+83.9%

Summary: Manhasset housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 177.4%, 2 bedroom homes decreased by 21.2%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 83.9%.

Median Sold Price Compared To Nearby Neighborhoods

Manhasset
+16.6%
Town of North Hempstead
+10.2%

Housing Supply in Manhasset, NY

How many homes are available in Manhasset, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3531-11.4%

Summary: The Manhasset real estate market had 31 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 11
0.0%
3 1110
-9.1%
4 1212
0.0%
5+ 108
-20.0%

Summary: The Manhasset housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
91-88.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manhasset, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Manhasset in November 2024, down by 88.9% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Manhasset, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days19 Days+46.2%

Summary: Homes in Manhasset had an average of 19 days on market in Nov 2024, up by 46.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Manhasset; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Manhasset, NY

Nearby Markets to Manhasset, NY