Maria Babaev | Luxury Homes Market Report
Port Washington, NY 11050
Single-Family Homes
DOUGLAS ELLIMAN REAL ESTATE | LuxuryLongIsland.com | maria@luxurylongisland.com
Port Washington, NY 11050
Fri May 03 2024
This week the median list price for Port Washington, NY 11050 is $2,149,500 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 48.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $2,149,500 | |
| Median Price of New Listings | $1,925,000 | |
| Per Square Foot | $695 | |
| Average Days on Market | 80 | |
| Median Days on Market | 28 | |
| Price Decreased | 23% | |
| Price Increased | 2% | |
| Relisted | 2% | |
| Inventory | 48 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $5,790,000 | 7,700 | 1 - 2.5 acres | 6 | 6 | 53 | 1 | 0 | 35 |
| $2,737,500 | 3,539 | 0.25 - 0.5 acre | 5 | 5 | 50 | 1 | 0 | 42 |
| $1,849,000 | 2,512 | 0.25 - 0.5 acre | 4 | 3 | 81 | 2 | 1 | 24 |
| $1,074,000 | 1,587 | 4,500 - 6,500 sqft | 3 | 2 | 78 | 1 | 8 | 14 |