Is North Bellmore, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Bellmore is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, North Bellmore was a Neutral Market.

Key Takeaway

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

Housing Prices in North Bellmore, NY

How much do homes in North Bellmore, NY cost?

Median Sold Price

$772,500

$431/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$72,500(+10.4%)

Key Takeaway

Homes in North Bellmore have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in North Bellmore was $772,500 in November 2024, up 10.4% from last year, and the median price per square foot was $431.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K$265K
+1.9%
2 $515K$632.5K
+22.8%
3 $650K$720K
+10.8%
4 $730K$775K
+6.2%
5+ $752.5K$975K
+29.6%

Summary: North Bellmore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 29.6%.

Median Sold Price Compared To Nearby Neighborhoods

North Merrick
+19.2%
East Meadow
+12.5%
North Bellmore
+10.4%
Bellmore
+8.8%
Barnum Woods
+7.9%

Housing Supply in North Bellmore, NY

How many homes are available in North Bellmore, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6250-19.4%

Summary: The North Bellmore real estate market had 50 homes for sale in November 2024, a 19.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 1713
-23.5%
4 2822
-21.4%
5+ 1211
-8.3%

Summary: The North Bellmore 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 decreased by 25%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
169-43.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bellmore, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in North Bellmore in November 2024, down by 43.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for North Bellmore, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days61 Days+223.5%

Summary: Homes in North Bellmore had an average of 61 days on market in Nov 2024, up by 223.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in North Bellmore; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 22 Days Ago

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