Is Valley Stream, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valley Stream is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Valley Stream was a Seller's Market.

Key Takeaway

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

Housing Prices in Valley Stream, NY

How much do homes in Valley Stream, NY cost?

Median Sold Price

$683,050

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,650(+6.2%)

Key Takeaway

Homes in Valley Stream have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Valley Stream was $683,050 in October 2024, up 6.2% from last year, and the median price per square foot was $438.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $235K$245K
+4.3%
2 $455K$475K
+4.4%
3 $619K$660K
+6.6%
4 $665K$720K
+8.3%
5+ $789.5K$865K
+9.6%

Summary: Valley Stream housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 9.6%.

Median Sold Price Compared To Nearby Cities

Lynbrook
+9.3%
Malverne
+6.5%
Valley Stream
+6.2%
Queens
+4.4%
New York
+1.2%

Housing Supply in Valley Stream, NY

How many homes are available in Valley Stream, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
210230+9.5%

Summary: The Valley Stream real estate market had 230 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 86
-25.0%
2 1615
-6.3%
3 6875
+10.3%
4 7691
+19.7%
5+ 4243
+2.4%

Summary: The Valley Stream housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 2.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3727-27.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valley Stream, you could pay more than the asking price. 63% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Valley Stream in October 2024, down by 27.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 4% were sold at asking, and 63% were sold over asking.

Days on Market for Valley Stream, NY

How long does it take to sell a home in Valley Stream, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days41 Days+2.0%

Summary: Homes in Valley Stream had an average of 41 days on market in Oct 2024, up by 2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 27 homes were sold in Valley Stream; 52% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% 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 20 Days Ago

Newest Listings in Valley Stream, NY

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