$10,000 Closing Credit*
$2,195,000
1,890 SqFt
3 Beds
•2 Full Baths, 1 Partial
#487913, Listing Office: RE/MAX Real Estate Professiona
Is South Slope, 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 Slope was a Buyer's Market.
Key Takeaway
South Slope is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Slope, NY
How much do homes in South Slope, NY cost?
Median Sold Price
$1,554,786
$1,200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$95,214(-5.8%)
Key Takeaway
Homes in South Slope have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in South Slope was $1,554,786 in November 2024, down 5.8% from last year, and the median price per square foot was $1,200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $765K | $875K | +14.4% |
| 2 Bedrooms | $1.3M | $1.2M | -7.9% |
| 3 Bedrooms | $2.1M | $1.8M | -14.0% |
| 4 Bedrooms | $3.1M | $2.6M | -16.4% |
| 5+ Bedrooms | $3.5M | $2.9M | -18.6% |
Summary: South Slope housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 14%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 18.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Windsor Terrace | $999K | $1.1M | +14.4% |
| South Brooklyn | $1.6M | $1.6M | 0.4% |
| Park Slope | $1.5M | $1.5M | -0.4% |
| South Slope | $1.6M | $1.5M | -5.8% |
Housing Supply in South Slope, NY
How many homes are available in South Slope, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 65 | -12.2% |
Summary: The South Slope real estate market had 65 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 29 | 22 | -24.1% |
| 3 Bedrooms | 15 | 15 | 0.0% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The South Slope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 16 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
14 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Slope, expect to pay close to the asking price. 87.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in South Slope in November 2024, up by 300.0% month-over-month. Of the 16 sold homes, 6% were sold under asking, 88% were sold at asking, and 6% were sold over asking.
Days on Market for South Slope, NY
How long does it take to sell a home in South Slope, NY?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Slope are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in South Slope; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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