Is Lynbrook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lynbrook was a Seller's Market.
Housing Prices in Lynbrook, NY
How much do homes in Lynbrook, NY cost?
Median Sold Price
$650,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lynbrook was $650,000 in May 2024, up 7.9% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $287.5K | $309K | +7.5% |
2 Bedrooms | $397.5K | $404.9K | +1.9% |
3 Bedrooms | $600K | $667.5K | +11.3% |
4 Bedrooms | $667K | $715K | +7.2% |
5+ Bedrooms | $800K | $815K | +1.9% |
Summary: Lynbrook housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Lynbrook | $602.5K | $650K | +7.9% |
Valley Stream | $639.4K | $661.8K | +3.5% |
Malverne | $685K | $680K | -0.7% |
Rockville Centre | $751K | $731.6K | -2.6% |
East Rockaway | $621.5K | $600K | -3.5% |
Housing Supply in Lynbrook, NY
How many homes are available in Lynbrook, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 93 | +14.8% |
Summary: The Lynbrook real estate market had 93 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 18 | +5.9% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 29 | 39 | +34.5% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Lynbrook housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 34.5%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Lynbrook in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for Lynbrook, NY
How long does it take to sell a home in Lynbrook, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 44 Days | -28.6% |
Summary: Homes in Lynbrook had an average of 44 days on market in May 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Lynbrook; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.