Is Long Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Long Beach has remained a Buyer's Market.
Housing Prices in Long Beach, NY
How much do homes in Long Beach, NY cost?
Median Sold Price
$655,125
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Long Beach was $655,125 in April 2024, down 2.2% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $415K | +5.1% |
2 Bedrooms | $630K | $610K | -3.2% |
3 Bedrooms | $712.5K | $770K | +8.1% |
4 Bedrooms | $877K | $910K | +3.8% |
5+ Bedrooms | $965.4K | $999K | +3.5% |
Summary: Long Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Long Beach, NY
How many homes are available in Long Beach, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
197 | 221 | +12.2% |
Summary: The Long Beach real estate market had 221 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 50 | +8.7% |
2 Bedrooms | 42 | 44 | +4.8% |
3 Bedrooms | 48 | 52 | +8.3% |
4 Bedrooms | 23 | 32 | +39.1% |
5+ Bedrooms | 38 | 43 | +13.2% |
Summary: The Long Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Long Beach in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 70% were sold under asking, 5% were sold at asking, and 25% were sold over asking.
Days on Market for Long Beach, NY
How long does it take to sell a home in Long Beach, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 61 Days | -16.7% |
Summary: Homes in Long Beach had an average of 61 days on market in Apr 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Long Beach; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.