$8,301 Closing Credit*
$699,000
875 SqFt
2 Beds
•1 Full Bath
#487404, Listing Office: BHHS Fillmore R.E.
Is Prospect Park South, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Prospect Park South was a Buyer's Market.
Key Takeaway
Prospect Park South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prospect Park South, NY
How much do homes in Prospect Park South, NY cost?
Median Sold Price
$820,000
$780/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$119,000(-12.7%)
Key Takeaway
Homes in Prospect Park South have sold for 12.7% less than they did a month ago.
Summary: The median home sold price in Prospect Park South was $820,000 in October 2024, down 12.7% from last month, and the median price per square foot was $780.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $640K | N/A |
| 2 Bedrooms | $899.5K | $805K | -10.5% |
| 3 Bedrooms | - | $1.0M | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $3.1M | $3.2M | +4.7% |
Summary: Prospect Park South housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.7%.
Housing Supply in Prospect Park South, NY
How many homes are available in Prospect Park South, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Prospect Park South real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Prospect Park South 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 7.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prospect Park South, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Prospect Park South in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Prospect Park South, NY
We’re sorry, we don't have information for this market at the moment
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