Is New Cassel, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Cassel is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, New Cassel was a Buyer's Market.

Key Takeaway

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

Housing Prices in New Cassel, NY

How much do homes in New Cassel, NY cost?

Median Sold Price

$602,500

$427/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,000(+14.2%)

Key Takeaway

Homes in New Cassel have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in New Cassel was $602,500 in November 2024, up 14.2% from last year, and the median price per square foot was $427.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $410.2K$470K
+14.6%
3 $530K$575K
+8.5%
4 $515K$614.7K
+19.4%
5+ $545K$630K
+15.6%

Summary: New Cassel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Neighborhoods

Hicksville
+14.8%
New Cassel
+14.2%
Jericho
+13.3%
Salisbury
+13.1%
Town of Oyster Bay
+10.6%

Housing Supply in New Cassel, NY

How many homes are available in New Cassel, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
35350.0%

Summary: The New Cassel real estate market had 35 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 109
-10.0%
4 1616
0.0%
5+ 99
0.0%

Summary: The New Cassel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Cassel, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in New Cassel in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for New Cassel, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
176 Days43 Days-75.6%

Summary: Homes in New Cassel had an average of 43 days on market in Nov 2024, down by 75.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in New Cassel; 57% of homes were sold within 30 days, 29% 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 21 Days Ago

Newest Listings in New Cassel, NY

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