$9,488 Closing Credit*
$799,000
2,009 SqFt
4 Beds
•3 Full Baths
Listing Office: Howard Hanna Rand Realty
Is New City, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$745,000
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$85,000(+12.9%)
Key Takeaway
Homes in New City have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in New City was $745,000 in September 2024, up 12.9% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $389K | $317.5K | -18.4% |
| 2 Bedrooms | $425K | $430K | +1.2% |
| 3 Bedrooms | $540K | $620K | +14.8% |
| 4 Bedrooms | $680K | $740K | +8.8% |
| 5+ Bedrooms | $825K | $880K | +6.7% |
Summary: New City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| New City | $660K | $745K | +12.9% |
| New Hempstead | $812.5K | $915K | +12.6% |
| Garnerville | $512K | $563K | +10.0% |
| Clarkstown | $597.6K | $652.9K | +9.3% |
Housing Supply in New City, NY
How many homes are available in New City, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 158 | 152 | -3.8% |
Summary: The New City real estate market had 152 homes for sale in September 2024, a 3.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 33 | 30 | -9.1% |
| 4 Bedrooms | 67 | 68 | +1.5% |
| 5+ Bedrooms | 46 | 44 | -4.3% |
Summary: The New City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New City, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in New City in September 2024, down by 15.8% month-over-month. Of the 32 sold homes, 41% were sold under asking, 13% were sold at asking, and 47% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 35 Days | -11.4% |
Summary: Homes in New City had an average of 35 days on market in Sep 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New City are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 32 homes were sold in New City; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 3% 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.