Is Sparrow Bush, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sparrow Bush has remained a Seller's Market.
Key Takeaway
Sparrow Bush is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparrow Bush, NY
How much do homes in Sparrow Bush, NY cost?
Median Sold Price
$310,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sparrow Bush have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Sparrow Bush was $310,000 in May 2024, up 4.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270.7K | $252.4K | -6.8% |
| 3 Bedrooms | $296K | $345K | +16.6% |
| 4 Bedrooms | $351.2K | $300K | -14.6% |
| 5+ Bedrooms | $320K | $175K | -45.3% |
Summary: Sparrow Bush housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 16.6%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 45.3%.
Housing Supply in Sparrow Bush, NY
How many homes are available in Sparrow Bush, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 19 | +72.7% |
Summary: The Sparrow Bush real estate market had 19 homes for sale in May 2024, a 72.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Sparrow Bush housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparrow Bush, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Sparrow Bush in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Sparrow Bush, NY
How long does it take to sell a home in Sparrow Bush, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 41 Days | +77.7% |
Summary: Homes in Sparrow Bush had an average of 41 days on market in May 2024, up by 77.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sparrow Bush are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Sparrow Bush; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.