Mark Karten's Market Report

Little Neck, NY 11363

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Licensed Real Estate Broker | REALTOR® | 917-502-2635 | mark@kresnyc.com



Little Neck, NY 11363

Wed Jul 06 2022
This week the median list price for Little Neck, NY 11363 is $258,000 with the market action index hovering around 21. This is less than last month's market action index of 27. Inventory has increased to 13. Click here to stay informed with the Little Neck market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Little Neck, NY 11363

Wed Jul 06 2022
This week the median list price for Little Neck, NY 11363 is $258,000 with the market action index hovering around 21. This is less than last month's market action index of 27. Inventory has increased to 13. Click here to stay informed with the Little Neck market!

Market Action Index

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

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Little Neck market.
Median List Price $258,000
Median Price of New Listings $249,000
Per Square Foot $333
Average Days on Market 137
Median Days on Market 49
Price Decreased 38%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 21
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$474,000 1,300 - 2 2 61 0 0 21
$448,000 750 - 2 1 62 0 0 21
$255,000 750 - 1 1 59 0 0 49
$246,944 775 - 1 1 69 1 0 182