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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southfields is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Southfields has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Southfields, NY

How much do homes in Southfields, NY cost?

Median Sold Price

$239,000

$341/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$31,000(-11.5%)

Key Takeaway

Homes in Southfields have sold for 11.5% less than they did a month ago.

Summary: The median home sold price in Southfields was $239,000 in November 2024, down 11.5% from last month, and the median price per square foot was $341.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $265K$239K
-9.8%
2 $275K-
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Southfields housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Southfields, NY

How many homes are available in Southfields, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The Southfields real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 21
-50.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Southfields housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southfields, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Southfields in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Southfields, NY

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Southfields; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Southfields, NY

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