$10,000 Closing Credit*
$895,000
4 Beds
•2 Full Baths
Listing Office: Landmark International R E LLC
Is Utopia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Utopia was a Buyer's Market.
Key Takeaway
Utopia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Utopia, NY
How much do homes in Utopia, NY cost?
Median Sold Price
$1,060,000
$689/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$156,500(-12.9%)
Key Takeaway
Homes in Utopia have sold for 12.9% less than they did a month ago.
Summary: The median home sold price in Utopia was $1,060,000 in October 2024, down 12.9% from last month, and the median price per square foot was $689.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $705K | N/A |
| 3 Bedrooms | $1.1M | $903.4K | -23.1% |
| 4 Bedrooms | $1.2M | $1.1M | -12.6% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Utopia housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Jamaica Estates | $792.5K | $1.2M | +51.4% |
| Utopia | $1.2M | $1.0M | -12.9% |
Housing Supply in Utopia, NY
How many homes are available in Utopia, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Utopia real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Utopia 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 decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Utopia, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Utopia in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Utopia, NY
How long does it take to sell a home in Utopia, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 51 Days | +88.1% |
Summary: Homes in Utopia had an average of 51 days on market in Oct 2024, up by 88.1% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Utopia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Utopia; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.