Is Throggs Neck, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Throggs Neck is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Throggs Neck was a Seller's Market.

Key Takeaway

Throggs Neck is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Throggs Neck, NY

How much do homes in Throggs Neck, NY cost?

Median Sold Price

$680,000

$398/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$65,000(+10.6%)

Key Takeaway

Homes in Throggs Neck have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Throggs Neck was $680,000 in October 2024, up 10.6% from last year, and the median price per square foot was $398.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $295K$365K
+23.7%
2 $415K$444K
+7.0%
3 $597K$644K
+7.9%
4 $680K$725K
+6.6%
5+ $852.5K$926K
+8.6%

Summary: Throggs Neck housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Neighborhoods

Schuylerville
+16.7%
Throggs Neck
+10.6%
Southeast Bronx
+5.0%
Country Club
-4.3%

Housing Supply in Throggs Neck, NY

How many homes are available in Throggs Neck, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
117122+4.3%

Summary: The Throggs Neck real estate market had 122 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1817
-5.6%
3 5058
+16.0%
4 2320
-13.0%
5+ 2425
+4.2%

Summary: The Throggs Neck 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 decreased by 5.6%, 3 bedroom homes increased by 16%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Throggs Neck, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Throggs Neck in October 2024, down by 16.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Throggs Neck, NY

How long does it take to sell a home in Throggs Neck, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days64 Days-2.0%

Summary: Homes in Throggs Neck had an average of 64 days on market in Oct 2024, down by 2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Throggs Neck; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 14 Days Ago

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