$399,000
71.04 Acres
Land
Thaddeus Jones, Jeury Lugo, Listing Office: KW Platform
Is Preston Hollow, 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, Preston Hollow was a Neutral Market.
Key Takeaway
Preston Hollow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Preston Hollow, NY
How much do homes in Preston Hollow, NY cost?
Median Sold Price
$230,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+5.7%)
Key Takeaway
Homes in Preston Hollow have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Preston Hollow was $230,000 in October 2024, up 5.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $215K | $105K | -51.2% |
| 3 Bedrooms | $244K | $230K | -5.7% |
| 4 Bedrooms | $210K | $265K | +26.2% |
| 5+ Bedrooms | - | $399K | N/A |
Summary: Preston Hollow 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 decreased by 51.2%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Preston Hollow | $217.5K | $230K | +5.7% |
| Broome | $217.5K | $200K | -8.0% |
Housing Supply in Preston Hollow, NY
How many homes are available in Preston Hollow, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Preston Hollow real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Preston Hollow 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Preston Hollow, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Preston Hollow in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Preston Hollow, NY
How long does it take to sell a home in Preston Hollow, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 80 Days | 11 Days | -86.3% |
Summary: Homes in Preston Hollow had an average of 11 days on market in Oct 2024, down by 86.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Preston Hollow are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Preston Hollow; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.