Is Middle Village, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Middle Village is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Middle Village, NY

How much do homes in Middle Village, NY cost?

Median Sold Price

$866,666

$549/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,333(-1.5%)

Key Takeaway

Homes in Middle Village have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Middle Village was $866,666 in October 2024, down 1.5% from last year, and the median price per square foot was $549.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $390K$440K
+12.8%
2 $637.5K$740K
+16.1%
3 $859K$855K
-0.5%
4 $939K$974.3K
+3.8%
5+ $1.2M$1.2M
0.0%

Summary: Middle Village housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 16.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Rego Park
+7.9%
Glendale
+3.6%
Maspeth
0.2%
Middle Village
-1.5%

Housing Supply in Middle Village, NY

How many homes are available in Middle Village, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
145159+9.7%

Summary: The Middle Village real estate market had 159 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1112
+9.1%
2 2926
-10.3%
3 5256
+7.7%
4 1723
+35.3%
5+ 3642
+16.7%

Summary: The Middle Village housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Middle Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Middle Village in October 2024, down by 17.6% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.

Days on Market for Middle Village, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days33 Days-43.1%

Summary: Homes in Middle Village had an average of 33 days on market in Oct 2024, down by 43.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Middle Village; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% 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 15 Days Ago

Newest Listings in Middle Village, NY

Nearby Markets to Middle Village, NY