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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Selden is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Selden has remained a Seller's Market.

Key Takeaway

Selden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Selden, NY

How much do homes in Selden, NY cost?

Median Sold Price

$535,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+9.2%)

Key Takeaway

Homes in Selden have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Selden was $535,000 in November 2024, up 9.2% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $260K$312.5K
+20.2%
2 $375K$457K
+21.9%
3 $465.5K$512K
+10.0%
4 $525K$580K
+10.5%
5+ $552.5K$592.5K
+7.2%

Summary: Selden housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Neighborhoods

Centereach
+11.0%
Terryville
+10.9%
Selden
+9.2%
Farmingville
+8.7%
Coram
+4.3%

Housing Supply in Selden, NY

How many homes are available in Selden, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8276-7.3%

Summary: The Selden real estate market had 76 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 99
0.0%
3 3025
-16.7%
4 2626
0.0%
5+ 1313
0.0%

Summary: The Selden housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Selden, you could pay more than the asking price. 78.6% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Selden in November 2024, up by 7.7% month-over-month. Of the 14 sold homes, 7% were sold under asking, 14% were sold at asking, and 79% were sold over asking.

Days on Market for Selden, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days32 Days+51.0%

Summary: Homes in Selden had an average of 32 days on market in Nov 2024, up by 51% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Selden; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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 17 Days Ago

Newest Listings in Selden, NY

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