Is North New Hyde Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North New Hyde Park is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, North New Hyde Park was a Seller's Market.

Key Takeaway

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

Housing Prices in North New Hyde Park, NY

How much do homes in North New Hyde Park, NY cost?

Median Sold Price

$840,000

$555/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+7.7%)

Key Takeaway

Homes in North New Hyde Park have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in North New Hyde Park was $840,000 in October 2024, up 7.7% from last year, and the median price per square foot was $555.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $553.5K$680K
+22.9%
3 $740K$793.5K
+7.2%
4 $787K$890K
+13.1%
5+ $950K$815K
-14.2%

Summary: North New Hyde Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 14.2%.

Median Sold Price Compared To Nearby Neighborhoods

Garden City Park
+13.8%
Manhasset Hills
+10.0%
North New Hyde Park
+7.7%
Glen Oaks
+5.0%
Floral Park
+3.2%

Housing Supply in North New Hyde Park, NY

How many homes are available in North New Hyde Park, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5459+9.3%

Summary: The North New Hyde Park real estate market had 59 homes for sale in October 2024, a 9.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1820
+11.1%
4 2324
+4.3%
5+ 1315
+15.4%

Summary: The North New Hyde Park 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 increased by 11.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North New Hyde Park, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in North New Hyde Park in October 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.

Days on Market for North New Hyde Park, NY

How long does it take to sell a home in North New Hyde Park, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days39 Days+14.8%

Summary: Homes in North New Hyde Park had an average of 39 days on market in Oct 2024, up by 14.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North New Hyde Park has remained consistent over time.

Summary: During October 2024, 8 homes were sold in North New Hyde Park; 38% of homes were sold within 30 days, 63% 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 20 Days Ago

Newest Listings in North New Hyde Park, NY

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