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 October 2023

Since last year, North Bellmore has remained a Seller's 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

$760,000

$423/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$75,750(+11.1%)

Key Takeaway

Homes in North Bellmore have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in North Bellmore was $760,000 in October 2024, up 11.1% from last year, and the median price per square foot was $423.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260K$265K
+1.9%
2 $515K$632.5K
+22.8%
3 $627.5K$718K
+14.4%
4 $726.5K$780K
+7.4%
5+ $752.5K$990K
+31.6%

Summary: North Bellmore housing prices by bedroom type for October 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 14.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 31.6%.

Median Sold Price Compared To Nearby Neighborhoods

North Merrick
+17.4%
East Meadow
+13.1%
North Bellmore
+11.1%
Bellmore
+10.5%
Barnum Woods
+6.6%

Housing Supply in North Bellmore, NY

How many homes are available in North Bellmore, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6662-6.1%

Summary: The North Bellmore real estate market had 62 homes for sale in October 2024, a 6.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 1917
-10.5%
4 2628
+7.7%
5+ 1512
-20.0%

Summary: The North Bellmore housing inventory by bedroom type for October 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 10.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
16160.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bellmore, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in North Bellmore in October 2024, the same as the previous month. Of the 16 sold homes, 0% were sold under asking, 19% were sold at asking, and 81% 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

Oct 2023Oct 2024CHANGE
29 Days23 Days-20.6%

Summary: Homes in North Bellmore had an average of 23 days on market in Oct 2024, down by 20.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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 October 2024, 16 homes were sold in North Bellmore; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in North Bellmore, NY

Nearby Markets to North Bellmore, NY