Is Plainedge, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainedge is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Plainedge, NY

How much do homes in Plainedge, NY cost?

Median Sold Price

$690,000

$433/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,500(+7.4%)

Key Takeaway

Homes in Plainedge have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Plainedge was $690,000 in November 2024, up 7.4% from last year, and the median price per square foot was $433.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K-
N/A
2 $535K$574K
+7.3%
3 $632.5K$685K
+8.3%
4 $660K$699.5K
+6.0%
5+ $689K$847.5K
+23.0%

Summary: Plainedge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Neighborhoods

South Farmingdale
+11.3%
Levittown
+11.2%
Bethpage
+11.2%
North Massapequa
+10.9%
Plainedge
+7.4%

Housing Supply in Plainedge, NY

How many homes are available in Plainedge, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3127-12.9%

Summary: The Plainedge real estate market had 27 homes for sale in November 2024, a 12.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 00
0.0%
3 108
-20.0%
4 107
-30.0%
5+ 910
+11.1%

Summary: The Plainedge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainedge, 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 Plainedge in November 2024, down by 71.4% 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 Plainedge, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days80 Days+85.3%

Summary: Homes in Plainedge had an average of 80 days on market in Nov 2024, up by 85.3% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Plainedge are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Plainedge; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Plainedge, NY

Nearby Markets to Plainedge, NY