$9,369 Closing Credit*
$789,000
3 Beds
•2 Full Baths
Listing Office: Signature Premier Properties
Is North Merrick, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, North Merrick was a Seller's Market.
Key Takeaway
North Merrick is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Merrick, NY
How much do homes in North Merrick, NY cost?
Median Sold Price
$795,500
$448/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$118,000(+17.4%)
Key Takeaway
Homes in North Merrick have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in North Merrick was $795,500 in October 2024, up 17.4% from last year, and the median price per square foot was $448.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.5K | $326.2K | +67.7% |
| 2 Bedrooms | $557.5K | $605K | +8.5% |
| 3 Bedrooms | $611.5K | $752.5K | +23.1% |
| 4 Bedrooms | $780K | $801K | +2.7% |
| 5+ Bedrooms | $930K | $1.3M | +40.9% |
Summary: North Merrick housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 40.9%.
Median Sold Price Compared To Nearby Neighborhoods
| North Merrick | $677.5K | $795.5K | +17.4% |
| East Meadow | $650K | $735K | +13.1% |
| North Bellmore | $684.2K | $760K | +11.1% |
| Barnum Woods Proper | $732.5K | $790K | +7.8% |
| Barnum Woods | $699K | $745K | +6.6% |
Housing Supply in North Merrick, NY
How many homes are available in North Merrick, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 38 | -22.4% |
Summary: The North Merrick real estate market had 38 homes for sale in October 2024, a 22.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The North Merrick 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 remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 5 | -64.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Merrick, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in North Merrick in October 2024, down by 64.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for North Merrick, NY
How long does it take to sell a home in North Merrick, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 22 Days | -48.3% |
Summary: Homes in North Merrick had an average of 22 days on market in Oct 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Merrick are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in North Merrick; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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.