Mark Karten's Market Report

Little Neck, NY 11362

Condos/Townhomes

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 $666,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 12. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Little Neck, NY 11362

Tue Oct 19 2021
This week the median list price for Little Neck, NY 11362 is $666,500 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 12. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Little Neck market.
Median List Price $666,500
Median Price of New Listings $0
Per Square Foot $578
Average Days on Market 94
Median Days on Market 88
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent $2,500
Market Action 35
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
$925,000 1,600 - 3 3 26 0 0 112
$795,000 1,368 0 - 4,500 sqft 3 2 26 0 1 42
$599,000 0 - 3 2 37 0 1 105
$399,000 560 - 1 1 35 0 0 112