Mark Karten's Market Report

Little Neck, NY 11362

Single-Family Homes

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



Little Neck, NY 11362

Tue Oct 19 2021
This week the median list price for Little Neck, NY 11362 is $1,380,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 36. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Little Neck, NY 11362

Tue Oct 19 2021
This week the median list price for Little Neck, NY 11362 is $1,380,000 with the market action index hovering around 32. This is less than last month's market action index of 34. Inventory has decreased to 36. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Little Neck market.
Median List Price $1,380,000
Median Price of New Listings $1,300,000
Per Square Foot $594
Average Days on Market 137
Median Days on Market 119
Price Decreased 53%
Price Increased 0%
Relisted 25%
Inventory 36
Median Rent $2,775
Market Action 32
Slight Seller'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
$1,899,999 3,436 6,500 - 8,000 sqft 4 4 20 0 1 182
$1,488,000 2,750 4,500 - 6,500 sqft 5 4 66 0 0 84
$1,258,000 2,310 4,500 - 6,500 sqft 3 3 61 1 0 119
$1,068,000 1,431 0 - 4,500 sqft 4 3 71 0 1 77