$10,000 Closing Credit*
$1,095,000
1,296 SqFt
3 Beds
•1 Full Bath, 1 Partial
#487366, Listing Office: Ideal Properties Realty, LLC
Is Marine Park, 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, Marine Park has remained a Seller's Market.
Key Takeaway
Marine Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Marine Park, NY
How much do homes in Marine Park, NY cost?
Median Sold Price
$790,000
$571/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.6%)
Key Takeaway
Homes in Marine Park have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Marine Park was $790,000 in October 2024, up 0.6% from last year, and the median price per square foot was $571.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $213K | $230K | +8.0% |
| 2 Bedrooms | $625K | $679K | +8.6% |
| 3 Bedrooms | $769K | $787.5K | +2.4% |
| 4 Bedrooms | $858.7K | $857K | -0.2% |
| 5+ Bedrooms | $1.1M | $1.0M | -8.1% |
Summary: Marine Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $735.7K | $763.7K | +3.8% |
| Flatlands | $662.5K | $682.5K | +3.0% |
| Marine Park | $785K | $790K | +0.6% |
| Mill Basin | $845K | $810K | -4.1% |
| Gerritsen Beach | $575K | $480K | -16.5% |
Housing Supply in Marine Park, NY
How many homes are available in Marine Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Summary: The Marine Park real estate market had 43 homes for sale in October 2024, a 14.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 31 | 27 | -12.9% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marine Park 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 decreased by 20%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marine Park, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Marine Park in October 2024, up by 71.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Marine Park, NY
How long does it take to sell a home in Marine Park, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 73 Days | +34.8% |
Summary: Homes in Marine Park had an average of 73 days on market in Oct 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Marine Park has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Marine Park; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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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.