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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Plainview is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Plainview, NY

How much do homes in Plainview, NY cost?

Median Sold Price

$876,500

$482/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$71,500(+8.9%)

Key Takeaway

Homes in Plainview have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Plainview was $876,500 in October 2024, up 8.9% from last year, and the median price per square foot was $482.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $490K$485K
-1.0%
2 $595K$649K
+9.1%
3 $756.5K$822.5K
+8.7%
4 $870.5K$950K
+9.1%
5+ $1.1M$1.3M
+9.9%

Summary: Plainview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Neighborhoods

Woodbury
+17.1%
Old Bethpage
+12.7%
Town of Oyster Bay
+10.9%
Bethpage
+10.8%
Plainview
+8.9%

Housing Supply in Plainview, NY

How many homes are available in Plainview, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
116111-4.3%

Summary: The Plainview real estate market had 111 homes for sale in October 2024, a 4.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 107
-30.0%
3 5753
-7.0%
4 2631
+19.2%
5+ 2320
-13.0%

Summary: The Plainview 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 30%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 13%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2715-44.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Plainview, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Plainview in October 2024, down by 44.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for Plainview, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days41 Days+7.9%

Summary: Homes in Plainview had an average of 41 days on market in Oct 2024, up by 7.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Plainview; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

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