$9,488 Closing Credit*
$799,000
1,479 SqFt
6 Beds
•2 Full Baths
Listing Office: Exit Realty Prime
Is South Farmingdale, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South Farmingdale was a Neutral Market.
Key Takeaway
South Farmingdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Farmingdale, NY
How much do homes in South Farmingdale, NY cost?
Median Sold Price
$678,000
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$69,000(+11.3%)
Key Takeaway
Homes in South Farmingdale have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in South Farmingdale was $678,000 in November 2024, up 11.3% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $499.9K | $501K | 0.2% |
| 3 Bedrooms | $587.5K | $646.5K | +10.0% |
| 4 Bedrooms | $610K | $679K | +11.3% |
| 5+ Bedrooms | $653.7K | $780K | +19.3% |
Summary: South Farmingdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 19.3%.
Median Sold Price Compared To Nearby Neighborhoods
| East Farmingdale | $535K | $640K | +19.6% |
| South Farmingdale | $609K | $678K | +11.3% |
| North Massapequa | $652K | $723K | +10.9% |
| Plainedge | $642.5K | $690K | +7.4% |
| East Massapequa | $633K | $680K | +7.4% |
Housing Supply in South Farmingdale, NY
How many homes are available in South Farmingdale, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The South Farmingdale real estate market had 39 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The South Farmingdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Farmingdale, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in South Farmingdale in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.
Days on Market for South Farmingdale, NY
How long does it take to sell a home in South Farmingdale, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 33 Days | -33.5% |
Summary: Homes in South Farmingdale had an average of 33 days on market in Nov 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Farmingdale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in South Farmingdale; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.