$5,926 Closing Credit*
$499,000
1,316 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Instahomes Realty LLC
Is New City, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, New City has remained a Seller's Market.
Key Takeaway
New City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New City, NY
How much do homes in New City, NY cost?
Median Sold Price
$755,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$75,000(+11.0%)
Key Takeaway
Homes in New City have sold for 11% more than they did a year ago.
Summary: The median home sold price in New City was $755,000 in December 2024, up 11% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | $325K | -12.2% |
| 2 Bedrooms | $432K | $462.5K | +7.1% |
| 3 Bedrooms | $553.1K | $630K | +13.9% |
| 4 Bedrooms | $685K | $760K | +10.9% |
| 5+ Bedrooms | $825K | $899.5K | +9.0% |
Summary: New City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Garnerville | $510K | $595K | +16.7% |
| New City | $680K | $755K | +11.0% |
| New Hempstead | $817.5K | $905K | +10.7% |
| Clarkstown | $620K | $665K | +7.3% |
Housing Supply in New City, NY
How many homes are available in New City, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 122 | 84 | -31.1% |
Summary: The New City real estate market had 84 homes for sale in December 2024, a 31.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 24 | 17 | -29.2% |
| 4 Bedrooms | 55 | 35 | -36.4% |
| 5+ Bedrooms | 37 | 27 | -27.0% |
Summary: The New City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 29.2%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 27%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 31 | 25 | -19.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New City, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in New City in December 2024, down by 19.4% month-over-month. Of the 25 sold homes, 48% were sold under asking, 8% were sold at asking, and 44% were sold over asking.
Days on Market for New City, NY
How long does it take to sell a home in New City, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 40 Days | 47 Days | +18.7% |
Summary: Homes in New City had an average of 47 days on market in Dec 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in New City has remained consistent over time.
Summary: During December 2024, 25 homes were sold in New City; 36% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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.