Single-Family Homes
Fri May 03 2024
This week the median list price for East Norwich, NY 11732 is $2,448,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 8.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $2,448,000 | |
Median Price of New Listings | $0 | |
Per Square Foot | $546 | |
Average Days on Market | 270 | |
Median Days on Market | 39 | |
Price Decreased | 63% | |
Price Increased | 0% | |
Relisted | 25% | |
Inventory | 8 | |
Median Rent | ||
Market Action | 41 | |
Slight Seller's Advantage |
The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a precursor to price and value changes, possibly as inflection points for good investment opportunities.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$4,550,000 | 9,813 | 2.5 - 5 acres | 6 | 6 | 66 | 0 | 0 | 707 |
$3,998,000 | 6,481 | 2.5 - 5 acres | 6 | 6 | 12 | 0 | 0 | 325 |
$1,243,000 | 2,440 | 0.5 - 1 acre | 3 | 3.5 | 56 | 0 | 1 | 42 |
$827,000 | 1,662 | 4,500 - 6,500 sqft | 5 | 2.5 | 70 | 0 | 1 | 7 |