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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Utrecht is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, New Utrecht has remained a Buyer's Market.

Key Takeaway

New Utrecht is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New Utrecht, NY

How much do homes in New Utrecht, NY cost?

Median Sold Price

$1,014,711

$604/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,711(+2.2%)

Key Takeaway

Homes in New Utrecht have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in New Utrecht was $1,014,711 in November 2024, up 2.2% from last year, and the median price per square foot was $604.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $338K$345K
+2.1%
2 $555K$562.5K
+1.4%
3 $997K$1.1M
+10.3%
4 $1.2M$1.2M
-0.6%
5+ $1.5M$1.5M
-2.3%

Summary: New Utrecht housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Neighborhoods

Dyker Heights
+3.4%
New Utrecht
+2.2%
Bay Ridge
+1.0%
Fort Hamilton
-5.5%

Housing Supply in New Utrecht, NY

How many homes are available in New Utrecht, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
661612-7.4%

Summary: The New Utrecht real estate market had 612 homes for sale in November 2024, a 7.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 131119
-9.2%
2 113104
-8.0%
3 10093
-7.0%
4 5951
-13.6%
5+ 258245
-5.0%

Summary: The New Utrecht housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.2%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6755-17.9%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Utrecht, you may be able to get a good deal. 70.9% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in New Utrecht in November 2024, down by 17.9% month-over-month. Of the 55 sold homes, 71% were sold under asking, 20% were sold at asking, and 9% were sold over asking.

Days on Market for New Utrecht, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
103 Days99 Days-3.0%

Summary: Homes in New Utrecht had an average of 99 days on market in Nov 2024, down by 3% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in New Utrecht are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 55 homes were sold in New Utrecht; 22% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 35% 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 17 Days Ago

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