$10,000 Closing Credit*
$975,000
1,680 SqFt
3 Beds
•2 Full Baths, 1 Partial
#487562, Listing Office: Coldwell Banker Advantage
Is Richmond County, 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, Richmond County was a Seller's Market.
Key Takeaway
Richmond County 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 Richmond County, NY
How much do homes in Richmond County, NY cost?
Median Sold Price
$710,000
$408/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$7,500(-1.0%)
Key Takeaway
Homes in Richmond County have sold for 1% less than they did a month ago.
Summary: The median home sold price in Richmond County was $710,000 in October 2024, down 1% from last month, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $317.5K | +29.6% |
| 2 Bedrooms | $513.4K | $540K | +5.2% |
| 3 Bedrooms | $717.5K | $694.4K | -3.2% |
| 4 Bedrooms | $899.5K | $840K | -6.6% |
| 5+ Bedrooms | $866K | $962.5K | +11.1% |
Summary: Richmond County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 29.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 11.1%.
Housing Supply in Richmond County, NY
How many homes are available in Richmond County, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 511 | 484 | -5.3% |
Summary: The Richmond County real estate market had 484 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 24 | -7.7% |
| 2 Bedrooms | 61 | 55 | -9.8% |
| 3 Bedrooms | 220 | 202 | -8.2% |
| 4 Bedrooms | 116 | 115 | -0.9% |
| 5+ Bedrooms | 88 | 88 | 0.0% |
Summary: The Richmond County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 90 | 72 | -20.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond County, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Richmond County in October 2024, down by 20.0% month-over-month. Of the 72 sold homes, 64% were sold under asking, 13% were sold at asking, and 24% were sold over asking.
Days on Market for Richmond County, NY
How long does it take to sell a home in Richmond County, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 72 Days | +0.8% |
Summary: Homes in Richmond County had an average of 72 days on market in Oct 2024, up by 0.8% compared to last month.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Richmond County has remained consistent over time.
Summary: During October 2024, 72 homes were sold in Richmond County; 26% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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