$9,963 Closing Credit*
$839,000
1,600 SqFt
3 Beds
•2 Full Baths
#487889, Listing Office: J. Sikar Realty
Is Manhattan Beach, 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, Manhattan Beach has remained a Buyer's Market.
Key Takeaway
Manhattan Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manhattan Beach, NY
How much do homes in Manhattan Beach, NY cost?
Median Sold Price
$1,475,000
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$250,000(+20.4%)
Key Takeaway
Homes in Manhattan Beach have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Manhattan Beach was $1,475,000 in November 2024, up 20.4% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $230K | -37.0% |
| 2 Bedrooms | $440K | $720K | +63.6% |
| 3 Bedrooms | $899.9K | $1.0M | +21.1% |
| 4 Bedrooms | $1.3M | $1.7M | +28.3% |
| 5+ Bedrooms | $1.7M | $1.6M | -1.5% |
Summary: Manhattan Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37%, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Sheepshead Bay | $345K | $440K | +27.5% |
| Manhattan Beach | $1.2M | $1.4M | +20.4% |
| Southern Brooklyn | $586.8K | $604.2K | +3.0% |
Housing Supply in Manhattan Beach, NY
How many homes are available in Manhattan Beach, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The Manhattan Beach real estate market had 35 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Manhattan Beach 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Manhattan Beach, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Manhattan Beach in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Manhattan Beach, NY
How long does it take to sell a home in Manhattan Beach, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 343 Days | 114 Days | -66.5% |
Summary: Homes in Manhattan Beach had an average of 114 days on market in Nov 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Manhattan Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Manhattan Beach; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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