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

Thu Nov 21 2024
This week the median list price for Port Washington, NY 11050 is $1,488,500 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 56. Click here to stay informed with the Port Washington market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Port Washington, NY 11050

Thu Nov 21 2024
This week the median list price for Port Washington, NY 11050 is $1,488,500 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 56. Click here to stay informed with the Port Washington market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Port Washington market.
Median List Price $1,488,500
Median Price of New Listings $989,000
Per Square Foot $680
Average Days on Market 123
Median Days on Market 81
Price Decreased 45%
Price Increased 2%
Relisted 9%
Inventory 56
Median Rent
Market Action 35
Slight Seller's Advantage

The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.

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
$5,389,500 7,000 2.5 - 5 acres 5 6 44 0 1 192
$1,998,500 3,600 8,000 - 10,000 sqft 4 3.5 72 0 1 101
$1,229,500 2,246 6,500 - 8,000 sqft 3 2.5 80 2 3 38
$861,500 1,275 4,500 - 6,500 sqft 4 2 77 1 2 56