Mark Karten's Market Report

Whitestone, NY 11357

Single-Family Homes

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



Whitestone, NY 11357

Wed Jul 06 2022
This week the median list price for Whitestone, NY 11357 is $1,393,888 with the market action index hovering around 31. This is less than last month's market action index of 34. Inventory has increased to 88. Click here to stay informed with the Whitestone 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Whitestone, NY 11357

Wed Jul 06 2022
This week the median list price for Whitestone, NY 11357 is $1,393,888 with the market action index hovering around 31. This is less than last month's market action index of 34. Inventory has increased to 88. Click here to stay informed with the Whitestone 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 over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Whitestone market.
Median List Price $1,393,888
Median Price of New Listings $1,398,888
Per Square Foot $734
Average Days on Market 98
Median Days on Market 53
Price Decreased 36%
Price Increased 3%
Relisted 5%
Inventory 88
Median Rent
Market Action 31
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$2,735,000 3,541 6,500 - 8,000 sqft 4 4 18 0 0 77
$1,871,250 2,189 4,500 - 6,500 sqft 4 3 69 4 0 42
$1,277,500 1,867 0 - 4,500 sqft 3 2 72 3 0 49
$1,024,000 1,320 0 - 4,500 sqft 3 2 92 0 0 42