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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manorhaven is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Manorhaven was a Seller's Market.

Key Takeaway

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

Housing Prices in Manorhaven, NY

How much do homes in Manorhaven, NY cost?

Median Sold Price

$947,500

$507/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$297,500(+45.8%)

Key Takeaway

Homes in Manorhaven have sold for 45.8% more than they did a year ago.

Summary: The median home sold price in Manorhaven was $947,500 in October 2024, up 45.8% from last year, and the median price per square foot was $507.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $329K$358.5K
+9.0%
2 $640K$1.3M
+109.0%
3 $762.5K$716.5K
-6.0%
4 $650K$875K
+34.6%
5+ $955K$1.2M
+28.6%

Summary: Manorhaven housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 109%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 28.6%.

Median Sold Price Compared To Nearby Cities

Manorhaven
+45.8%
Sands Point
+32.2%
North Hempstead
+10.0%
Port Washington North
-17.8%

Housing Supply in Manorhaven, NY

How many homes are available in Manorhaven, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1716-5.9%

Summary: The Manorhaven real estate market had 16 homes for sale in October 2024, a 5.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 55
0.0%
4 66
0.0%
5+ 43
-25.0%

Summary: The Manorhaven 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 Manorhaven, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Manorhaven in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Manorhaven, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days250 Days+384.8%

Summary: Homes in Manorhaven had an average of 250 days on market in Oct 2024, up by 384.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Manorhaven has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Manorhaven; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in Manorhaven, NY

Nearby Markets to Manorhaven, NY

What housing markets are near Manorhaven, NY?