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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manhasset is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Manhasset is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Manhasset, NY

How much do homes in Manhasset, NY cost?

Median Sold Price

$1,653,000

$684/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$273,000(+19.8%)

Key Takeaway

Homes in Manhasset have sold for 19.8% more than they did a year ago.

Summary: The median home sold price in Manhasset was $1,653,000 in October 2024, up 19.8% from last year, and the median price per square foot was $684.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $287.5K$797.5K
+177.4%
2 $835K$1.1M
+41.9%
3 $1.3M$1.5M
+20.4%
4 $1.5M$1.7M
+11.6%
5+ $1.3M$2.9M
+114.0%

Summary: Manhasset housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 177.4%, 2 bedroom homes increased by 41.9%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 114%.

Median Sold Price Compared To Nearby Neighborhoods

Manhasset
+19.8%
Town of North Hempstead
+10.1%

Housing Supply in Manhasset, NY

How many homes are available in Manhasset, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3034+13.3%

Summary: The Manhasset 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

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 1211
-8.3%
4 912
+33.3%
5+ 89
+12.5%

Summary: The Manhasset 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 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manhasset, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Manhasset in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
29 Days26 Days-12.6%

Summary: Homes in Manhasset had an average of 26 days on market in Oct 2024, down by 12.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 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 October 2024, 9 homes were sold in Manhasset; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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