$3,300,000
5 Beds
•3 Full Baths
Listing Office: BERKSHIRE HATHAWAY
Is Old Westbury, 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, Old Westbury was a Seller's Market.
Key Takeaway
Old Westbury is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Old Westbury, NY
How much do homes in Old Westbury, NY cost?
Median Sold Price
$2,439,900
$612/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$60,100(-2.4%)
Key Takeaway
Homes in Old Westbury have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Old Westbury was $2,439,900 in October 2024, down 2.4% from last year, and the median price per square foot was $612.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.7M | $855K | -50.9% |
| 4 Bedrooms | $1.7M | $1.6M | -8.0% |
| 5+ Bedrooms | $2.8M | $2.6M | -5.7% |
Summary: Old Westbury 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 did not change, 3 bedroom homes decreased by 50.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| East Hills | $1.4M | $1.6M | +21.1% |
| Brookville | $2.1M | $2.5M | +17.5% |
| North Hempstead | $900.1K | $989.8K | +10.0% |
| Westbury | $668.3K | $724K | +8.3% |
| Old Westbury | $2.5M | $2.4M | -2.4% |
Housing Supply in Old Westbury, NY
How many homes are available in Old Westbury, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Old Westbury real estate market had 44 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 39 | 40 | +2.6% |
Summary: The Old Westbury 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Old Westbury, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Old Westbury in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Old Westbury, NY
How long does it take to sell a home in Old Westbury, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 185 Days | +168.2% |
Summary: Homes in Old Westbury had an average of 185 days on market in Oct 2024, up by 168.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Westbury are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Old Westbury; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.