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

Wed Jul 06 2022
This week the median list price for Little Neck, NY 11362 is $436,500 with the market action index hovering around 49. This is an increase over last month's market action index of 41. Inventory has decreased to 8. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Little Neck, NY 11362

Wed Jul 06 2022
This week the median list price for Little Neck, NY 11362 is $436,500 with the market action index hovering around 49. This is an increase over last month's market action index of 41. Inventory has decreased to 8. 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.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Little Neck market.
Median List Price $436,500
Median Price of New Listings $370,000
Per Square Foot $616
Average Days on Market 82
Median Days on Market 35
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 49
Strong Seller's Market

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
$862,000 1,874 - 3 2.5 33 0 1 255
$494,000 580 - 1 1.5 38 0 0 35
$402,500 608 - 1 1 35 1 0 24
$267,250 0 - 1 1 71 0 0 14