Single-Family Homes
Fri May 03 2024
This week the median list price for Manhasset, NY 11030 is $2,850,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has decreased to 27.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $2,850,000 | |
Median Price of New Listings | $1,998,000 | |
Per Square Foot | $797 | |
Average Days on Market | 134 | |
Median Days on Market | 63 | |
Price Decreased | 41% | |
Price Increased | 4% | |
Relisted | 7% | |
Inventory | 27 | |
Median Rent | ||
Market Action | 45 | |
Strong Seller's Market |
The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$6,118,500 | 8,353 | 1 - 2.5 acres | 6 | 6.5 | 52 | 0 | 1 | 220 |
$3,338,000 | 5,000 | 0.25 - 0.5 acre | 5 | 4.5 | 1 | 1 | 0 | 49 |
$2,799,000 | 2,621 | 0.5 - 1 acre | 5 | 3.5 | 68 | 1 | 1 | 49 |
$1,659,000 | 2,093 | 8,000 - 10,000 sqft | 3 | 2.5 | 87 | 1 | 0 | 63 |