Is Northwest Harbor, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Harbor is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Northwest Harbor has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Northwest Harbor, NY

How much do homes in Northwest Harbor, NY cost?

Median Sold Price

$1,470,000

$490/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$972,500(-39.8%)

Key Takeaway

Homes in Northwest Harbor have sold for 39.8% less than they did a month ago.

Summary: The median home sold price in Northwest Harbor was $1,470,000 in October 2024, down 39.8% from last month, and the median price per square foot was $490.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.8M-
N/A
4 $2.9M$1.4M
-50.9%
5+ --
N/A

Summary: Northwest Harbor housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 50.9%, and 5+ bedroom homes did not change.

Housing Supply in Northwest Harbor, NY

How many homes are available in Northwest Harbor, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2731+14.8%

Summary: The Northwest Harbor real estate market had 31 homes for sale in October 2024, a 14.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 01
+100.0%
3 1112
+9.1%
4 99
0.0%
5+ 68
+33.3%

Summary: The Northwest Harbor 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 increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Harbor, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Northwest Harbor in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Northwest Harbor, NY

How long does it take to sell a home in Northwest Harbor, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
106 Days62 Days-41.8%

Summary: Homes in Northwest Harbor had an average of 62 days on market in Oct 2024, down by 41.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Northwest Harbor has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Northwest Harbor; 0% of homes were sold within 30 days, 100% 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 23 Days Ago

Newest Listings in Northwest Harbor, NY

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