Is Sparrow Bush, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparrow Bush is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sparrow Bush, NY

How much do homes in Sparrow Bush, NY cost?

Median Sold Price

$403,500

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$113,500(+39.1%)

Key Takeaway

Homes in Sparrow Bush have sold for 39.1% more than they did a year ago.

Summary: The median home sold price in Sparrow Bush was $403,500 in October 2024, up 39.1% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $270.7K$267.5K
-1.2%
3 $310K$418K
+34.8%
4 -$490K
N/A
5+ $175K$800K
+357.1%

Summary: Sparrow Bush housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 34.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 357.1%.

Median Sold Price Compared To Nearby Cities

Sparrow Bush
+39.1%
Deerpark
+16.3%
Glen Spey
+10.8%

Housing Supply in Sparrow Bush, NY

How many homes are available in Sparrow Bush, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1819+5.6%

Summary: The Sparrow Bush real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1213
+8.3%
4 44
0.0%
5+ 11
0.0%

Summary: The Sparrow Bush housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparrow Bush, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Sparrow Bush in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Sparrow Bush, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days69 Days+127.5%

Summary: Homes in Sparrow Bush had an average of 69 days on market in Oct 2024, up by 127.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sparrow Bush has remained consistent over time.

Summary: During October 2024, 4 homes were sold in Sparrow Bush; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 Sparrow Bush, NY

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