Is Port Washington North, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Washington North is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Port Washington North was a Seller's Market.

Key Takeaway

Port Washington North is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Port Washington North, NY

How much do homes in Port Washington North, NY cost?

Median Sold Price

$1,011,000

$520/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$219,000(-17.8%)

Key Takeaway

Homes in Port Washington North have sold for 17.8% less than they did a year ago.

Summary: The median home sold price in Port Washington North was $1,011,000 in October 2024, down 17.8% from last year, and the median price per square foot was $520.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$213.7K
-22.3%
2 $700K$699.5K
-0.1%
3 $1.3M$1.2M
-10.6%
4 $1.2M$1.2M
-0.7%
5+ --
N/A

Summary: Port Washington North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Manorhaven
+45.8%
Sands Point
+32.2%
North Hempstead
+10.0%
Port Washington North
-17.8%

Housing Supply in Port Washington North, NY

How many homes are available in Port Washington North, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The Port Washington North real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 33
0.0%
4 25
+150.0%
5+ 11
0.0%

Summary: The Port Washington North 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Washington North, 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 Port Washington North in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Port Washington North, NY

How long does it take to sell a home in Port Washington North, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days39 Days-19.9%

Summary: Homes in Port Washington North had an average of 39 days on market in Oct 2024, down by 19.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During October 2024, 2 homes were sold in Port Washington North; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

Newest Listings in Port Washington North, NY

Nearby Markets to Port Washington North, NY

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