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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineola is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Mineola has remained a Seller's Market.

Key Takeaway

Mineola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mineola, NY

How much do homes in Mineola, NY cost?

Median Sold Price

$689,145

$471/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$39,145(+6.0%)

Key Takeaway

Homes in Mineola have sold for 6% more than they did a year ago.

Summary: The median home sold price in Mineola was $689,145 in November 2024, up 6% from last year, and the median price per square foot was $471.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $288.5K$300K
+4.0%
2 $422K$435K
+3.1%
3 $655K$772.5K
+17.9%
4 $735K$755K
+2.7%
5+ $759K$1.1M
+52.2%

Summary: Mineola housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 52.2%.

Median Sold Price Compared To Nearby Cities

Garden City
+13.3%
Williston Park
+9.9%
North Hempstead
+9.9%
Mineola
+6.0%

Housing Supply in Mineola, NY

How many homes are available in Mineola, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5658+3.6%

Summary: The Mineola real estate market had 58 homes for sale in November 2024, a 3.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 108
-20.0%
2 36
+100.0%
3 2422
-8.3%
4 1214
+16.7%
5+ 78
+14.3%

Summary: The Mineola housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
813+62.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineola, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Mineola in November 2024, up by 62.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.

Days on Market for Mineola, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days32 Days-30.3%

Summary: Homes in Mineola had an average of 32 days on market in Nov 2024, down by 30.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Mineola; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 21 Days Ago

Newest Listings in Mineola, NY

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