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

Tue Oct 19 2021
This week the median list price for Little Neck, NY 11363 is $247,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 10. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Little Neck, NY 11363

Tue Oct 19 2021
This week the median list price for Little Neck, NY 11363 is $247,000 with the market action index hovering around 31. This is less than last month's market action index of 32. Inventory has increased to 10. 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 Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Little Neck market.
Median List Price $247,000
Median Price of New Listings $0
Per Square Foot $219
Average Days on Market 125
Median Days on Market 112
Price Decreased 30%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent $3,000
Market Action 31
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in 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
$494,499 0 - 2 1 57 0 0 185
$317,000 0 - 1 1 57 0 1 87
$245,000 0 - 1 1 71 0 0 140
$215,000 680 - 1 1 80 0 0 28