Maria Babaev | Luxury Homes Market Report

Mill Neck, NY 11765

Single-Family Homes

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


Mill Neck, NY 11765

Mon May 06 2024
This week the median list price for Mill Neck, NY 11765 is $4,445,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has held steady at or around 10. Click here to stay informed with the Mill Neck market!

Market Action Index

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

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Mill Neck, NY 11765

Mon May 06 2024
This week the median list price for Mill Neck, NY 11765 is $4,445,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has held steady at or around 10. Click here to stay informed with the Mill Neck market!

Market Action Index

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

Slight Buyer's Advantage

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

Real-Time Market Profile

Never miss important changes in the Mill Neck market.
Median List Price $4,445,000
Median Price of New Listings $1,950,000
Per Square Foot $689
Average Days on Market 542
Median Days on Market 350
Price Decreased 40%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent
Market Action 24
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$12,525,000 10,342 10 - 20 acres 6 7.8 80 0 0 1302
$6,272,500 0 10 - 20 acres 7 7.3 104 0 0 304
$3,895,000 8,757 5 - 10 acres 6 6.5 31 0 0 399
$1,950,000 2,812 5 - 10 acres 4 4 63 1 0 189