$10,000 Closing Credit*
$1,152,000
1,944 SqFt
3 Beds
•2 Full Baths
#488122, Listing Office: Century 21 MK Realty
Is Mill Basin, 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, Mill Basin has remained a Buyer's Market.
Key Takeaway
Mill Basin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mill Basin, NY
How much do homes in Mill Basin, NY cost?
Median Sold Price
$810,000
$484/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$37,500(-4.4%)
Key Takeaway
Homes in Mill Basin have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Mill Basin was $810,000 in November 2024, down 4.4% from last year, and the median price per square foot was $484.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204.5K | $183.5K | -10.3% |
| 2 Bedrooms | $249K | $255K | +2.4% |
| 3 Bedrooms | $685K | $795K | +16.1% |
| 4 Bedrooms | $902.5K | $1.0M | +17.5% |
| 5+ Bedrooms | $1.2M | $1.6M | +38.5% |
Summary: Mill Basin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 38.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Southeastern Brooklyn | $736.5K | $760K | +3.2% |
| Bergen Beach | $840K | $863.7K | +2.8% |
| Mill Basin | $847.5K | $810K | -4.4% |
| Georgetown | $820K | $757.5K | -7.6% |
Housing Supply in Mill Basin, NY
How many homes are available in Mill Basin, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 67 | +19.6% |
Summary: The Mill Basin real estate market had 67 homes for sale in November 2024, a 19.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 13 | 15 | +15.4% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The Mill Basin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mill Basin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Mill Basin in November 2024, up by 125.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Mill Basin, NY
How long does it take to sell a home in Mill Basin, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 210 Days | 124 Days | -40.8% |
Summary: Homes in Mill Basin had an average of 124 days on market in Nov 2024, down by 40.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mill Basin has remained consistent over time.
Summary: During November 2024, 9 homes were sold in Mill Basin; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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