Mark Karten's Market Report
Little Neck, NY 11362
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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 $308,000 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 41.
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 and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $308,000 | |
| Median Price of New Listings | $358,888 | |
| Per Square Foot | $342 | |
| Average Days on Market | 49 | |
| Median Days on Market | 35 | |
| Price Decreased | 32% | |
| Price Increased | 0% | |
| Relisted | 2% | |
| Inventory | 41 | |
| Median Rent | ||
| Market Action | 43 | |
| Slight Seller's Advantage | ||
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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 |
|---|---|---|---|---|---|---|---|---|
| $387,000 | 960 | - | 2 | 1 | 69 | 2 | 2 | 31 |
| $349,000 | 950 | - | 2 | 1 | 69 | 1 | 0 | 28 |
| $299,000 | 938 | - | 2 | 1 | 68 | 1 | 0 | 56 |
| $219,000 | 745 | - | 1 | 1 | 69 | 1 | 1 | 35 |