$6,525 Closing Credit*
$549,500
575 SqFt
1 Bed
•1 Full Bath
#COMP-1699503331335583977, David Wolff, Listing Office: Compass
Is South Slope, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, South Slope has remained a Buyer's Market.
Key Takeaway
South Slope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Slope, NY
How much do homes in South Slope, NY cost?
Median Sold Price
$1,500,000
$1,191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$100,000(-6.3%)
Key Takeaway
Homes in South Slope have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in South Slope was $1,500,000 in October 2024, down 6.3% from last year, and the median price per square foot was $1,191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $775K | $815K | +5.2% |
| 2 Bedrooms | $1.4M | $1.2M | -14.3% |
| 3 Bedrooms | $2.1M | $1.8M | -13.2% |
| 4 Bedrooms | $3.1M | $2.6M | -16.4% |
| 5+ Bedrooms | $3.3M | $2.8M | -14.9% |
Summary: South Slope housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Windsor Terrace | $999K | $1.1M | +14.2% |
| South Brooklyn | $1.6M | $1.6M | -1.2% |
| Park Slope | $1.6M | $1.5M | -2.9% |
| South Slope | $1.6M | $1.5M | -6.3% |
Housing Supply in South Slope, NY
How many homes are available in South Slope, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 66 | -4.3% |
Summary: The South Slope real estate market had 66 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 24 | 22 | -8.3% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The South Slope housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Slope, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in South Slope in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for South Slope, NY
We’re sorry, we don't have information for this market at the moment
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