Maria Babaev | Luxury Homes Market Report

Glen Head, NY 11545

Single-Family Homes

DOUGLAS ELLIMAN REAL ESTATE | LuxuryLongIsland.com | maria@luxurylongisland.com


Glen Head, NY 11545

Fri Nov 22 2024
This week the median list price for Glen Head, NY 11545 is $2,698,500 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has increased to 50. Click here to stay informed with the Glen Head market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Glen Head, NY 11545

Fri Nov 22 2024
This week the median list price for Glen Head, NY 11545 is $2,698,500 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has increased to 50. Click here to stay informed with the Glen Head market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Glen Head market.
Median List Price $2,698,500
Median Price of New Listings $999,000
Per Square Foot $599
Average Days on Market 173
Median Days on Market 133
Price Decreased 38%
Price Increased 2%
Relisted 18%
Inventory 50
Median Rent
Market Action 28
Slight Buyer's Advantage

The value placed on homes appears to be on the upswing, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,990,000 10,000 2.5 - 5 acres 6 8 22 0 0 161
$3,843,500 5,911 1 - 2.5 acres 6 4.8 32 0 0 192
$2,399,999 4,372 1 - 2.5 acres 5 4.5 44 0 0 105
$1,129,000 1,786 8,000 - 10,000 sqft 4 2.5 70 3 3 28