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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Valley Stream is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Valley Stream, NY

How much do homes in North Valley Stream, NY cost?

Median Sold Price

$653,000

$449/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,000(+5.3%)

Key Takeaway

Homes in North Valley Stream have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in North Valley Stream was $653,000 in November 2024, up 5.3% from last year, and the median price per square foot was $449.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $235K$242.5K
+3.2%
2 $435K$470K
+8.0%
3 $620K$670K
+8.1%
4 $650K$730K
+12.3%
5+ $710K$814.5K
+14.7%

Summary: North Valley Stream housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Neighborhoods

Franklin Square
+9.9%
Elmont
+9.8%
Cambria Heights
+7.7%
North Valley Stream
+5.3%
Southeastern Queens
+4.8%

Housing Supply in North Valley Stream, NY

How many homes are available in North Valley Stream, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5455+1.9%

Summary: The North Valley Stream real estate market had 55 homes for sale in November 2024, a 1.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 55
0.0%
3 2022
+10.0%
4 1815
-16.7%
5+ 910
+11.1%

Summary: The North Valley Stream housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Valley Stream, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Valley Stream in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for North Valley Stream, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days150 Days+200.4%

Summary: Homes in North Valley Stream had an average of 150 days on market in Nov 2024, up by 200.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Valley Stream has remained consistent over time.

Summary: During November 2024, 4 homes were sold in North Valley Stream; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 3 Days Ago

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