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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Park is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in North Park, NY

How much do homes in North Park, NY cost?

Median Sold Price

$329,500

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,500(+8.0%)

Key Takeaway

Homes in North Park have sold for 8% more than they did a year ago.

Summary: The median home sold price in North Park was $329,500 in October 2024, up 8% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $192.9K$195K
+1.1%
3 $285.4K$295K
+3.4%
4 $280K$305K
+8.9%
5+ $379.7K$375K
-1.3%

Summary: North 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 1.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 1.3%.

Median Sold Price Compared To Nearby Neighborhoods

North Park
+8.0%
Starin Central
-10.8%

Housing Supply in North Park, NY

How many homes are available in North Park, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3827-28.9%

Summary: The North Park real estate market had 27 homes for sale in October 2024, a 28.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 129
-25.0%
4 106
-40.0%
5+ 1512
-20.0%

Summary: The North 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 decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
153-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Park, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in North Park in October 2024, down by 80.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for North Park, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days16 Days+57.1%

Summary: Homes in North Park had an average of 16 days on market in Oct 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 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 Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in North Park; 100% of homes were sold within 30 days, 0% 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 Park, NY

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