Market Overview
Q4 2024 Housing Market Overview
The Q4 2024 housing market showcased resilience despite ongoing challenges. Sales trends varied across our regions, with some areas stabilizing and others showing growth in specific segments. Inventory levels remained tight, reflecting cautious sellers and sellers locked into historically low interest rate mortgages, but demand persisted, especially in higher-price brackets.
Year-to-date, median sale prices continued to rise, demonstrating strength in the market even as affordability pressures influenced buyer behavior. Seasonal trends and increased days on market suggest a slower pace of transactions, but opportunities remain as new listings typically emerge in Q1, energizing activity.
Economic factors including as rising mortgage rates and broader uncertainties have influential buyer and seller decisions, but positive signals, such as gains in financial markets, have bolstered confidence among higher income buyers.
Looking Ahead to 2025
The housing market is poised for renewed momentum as the year begins, with the potential for increased activity driven by fresh listings and persistent demand. While affordability and inventory challenges remain, the resilience of home prices and the adaptability of buyers and sellers point to a market ready to adapt and thrive in the coming year.
Deirdre O’Connell Chief Executive Officer
Nassau County & Suffolk County Brooklyn & Queens
Definitions
Median
The threshold which divides the real estate market into two equal halves, in reference to pricing. One half of the homes in the market were sold at a price above the median home price, while the other half were sold below that price.
Average
The sum of prices of all homes sold in a certain area in a certain period, divided by the number of properties sold in the same area in that period.
Inventory
Housing inventory is a measure of our market's supply and affects value. Inventory is measured as active properties on the market at the end of the quarter.
Nassau County
Brooklyn Queens Click to Explore Data by County
Suffolk County
North Fork Hamptons
Brooklyn
2024 Annual Summary • January 1 – December 31, 2024
9,496 -15%
Number of Sales 2024 vs 2023
102 +5%
Average Days on Market 2024 vs 2023
$990K +4%
Median Sales Price 2024 vs 2023
$1.28M +5%
Average Sales Price 2024 vs 2023
1,220 -25%
Listing Inventory*
Q4 2024 vs Q4 2023
Residential
2024 Summary • January 1 – December 31, 2024
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park Dumbo East Williamsburg Flatbush
$1,050,000 $1,200,000 $1,995,000 $1,575,000 $949,000 $2,620,000 $960,000 $2,166,750 $1,139,500 $995,000 $1,732,500 $1,050,000 $630,000 $1,543,178 $1,510,183 $1,292,500 $1,325,000 $677,500 $902,500 $1,100,000 $1,600,000 $1,397,164 $1,155,713 $793,697 $765,000 $1,250,000 $1,044,500 $1,475,000 $1,100,000
Bay
Bedford Stuyvesant Boerum Hill
Hill
Hill
Park
$3,900 $2,960 $4,200
Bay
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
$1,350,000 $1,825,000 $3,625,000 $6,400,000 $1,260,000 $3,500,000 $2,450,000 $4,662,500 $1,450,000 $1,850,000 $1,529,500 $1,897,500 $920,000 $3,650,000 $2,105,000 $1,472,500 $1,760,000 $1,575,000 $999,000 $1,108,000 $3,200,000 $3,323,750 $1,767,500 $1,880,000 $680,000 $1,400,000 $1,399,000 $2,300,000 $2,025,000
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
Dumbo
East Williamsburg
Flatbush
Fort Greene
Greenpoint
Greenwood
Gowanus
Kensington
Midwood
Ocean Hill
Park Slope
Prospect Heights
Prospect Lefferts
Prospect Park South Red
$660,000 $915,000 $1,710,000 $2,900,000 $701,341 $1,585,000 $962,500 $1,700,000 $899,000 $942,500 $1,777,500 $999,500 $503,500 $1,315,000 $1,397,500 $1,140,000 $895,000 $621,132 $582,500 $580,000 $1,707,000 $1,811,379 $993,500 $662,000 $1,974,950 $766,800 $529,490 $1,450,000 $942,500
NEIGHBORHOOD
Bay Ridge
Bedford Stuyvesant
Boerum Hill
Brooklyn Heights
Bushwick
Carroll Gardens
Clinton Hill
Cobble Hill
Crown Heights
Ditmas Park
Dumbo
East Williamsburg
Flatbush
Fort Greene
Greenpoint
Greenwood
Gowanus
Kensington
Midwood
Ocean Hill
Park Slope
Prospect Heights
Prospect Lefferts
Prospect Park South
Red Hook
Stuyvesant Heights Sunset
$652,500 $999,999 $944,000 $614,500 $1,779,000 $802,000 $1,100,000 $554,455 $525,000 $765,000$355,000 $697,500 $1,162,500$694,500 $442,488 $324,000 $207,500 $1,015,579 $942,500 $530,000 $820,000 $2,260,820 $582,000 $534,750 $500,000 $725,000
2024 Annual Summary • January 1 – December 31, 2024
12,816 -9%
Number of Sales
92 -3%
Average Days on Market
2024 vs 2023 2024 vs 2023
$675K +4%
Median Sales Price
$733K +2%
Average Sales Price
3,424 -5%
Listing Inventory
NEIGHBORHOOD
$950,000 $762,500 $865,000 $470,000 $990,000 $850,000 $702,500 $440,509 $1,160,000 $852,500 $435,000 $320,131 $433,010 $382,500 $869,000 $954,500 $905,000 $398,000 $800,000 $370,000 $747,915 $1,050,000 $666,500 $528,000 $935,250 $790,000 $550,000
NEIGHBORHOOD
$1,315,000 $1,149,500 $799,000 $907,500 $1,062,500 $1,180,000 $890,000 $1,060,000 $1,294,000 $1,167,500 $860,000 $999,000 $800,000 $867,500 $1,109,444 $1,293,994 $897,944 $865,000 $1,100,000 $740,000 $962,500 $769,000 $1,170,000 $650,000 $1,297,500 $1,194,000 $766,750 $1,024,500
NEIGHBORHOOD
Condos/Co-ops/HOA
Astoria
Bayside
Bellerose
College Point
Corona
Douglaston
East Elmhurst
Flushing
Forest Hills
Fresh Meadows
Glendale
Jackson Heights
Jamaica Estates
Kew Gardens
Little Neck
Long Island City
Maspeth
Middle Village
Oakland Gardens
Ozone Park
Rego Park
Richmond Hill Ridgewood
$330,000 $267,000 $601,939 $260,000 $264,000 $230,000 $510,000 $359,000 $241,000 $499,999 $370,000 $173,000 $299,500 $330,000 $868,500 $496,860 $499,500 $333,000 $500,000 $355,000 $337,500 $625,000$370,000 $418,800 $230,000 $470,000
Nassau County
2024 Annual Summary • January 1 – December 31, 2024
9,982 -4%
Number of Sales
vs 2023
56 -9%
Average Days on Market
vs 2023
$757K +10%
Median Sales Price
$943K +11%
Average Sales Price
1,902 0%
Listing Inventory
County
Baldwin / N. Baldwin / Baldwin Harbor
Bellmore / N. Bellmore Brookville Carle Place
$1,200,000 $650,000 $850,000 $760,000 $2,750,000 $807,500 $919,000 $3,937,500 $5,425,000 $605,000 $1,400,000 $1,680,000 $742,500 $793,000 $707,000 $775,000 $580,000 $1,265,000 $713,000 $974,000 $977,500 $820,000 $725,000 $697,500 $1,238,500 $2,050,000 $670,000
Nassau County
Manhasset
/ Lattingtown
Manhasset Hills
Masspequa / Massapequa Park
Matinecock
Merrick / N. Merrick
Mill Neck
Mineola
Muttontown
New Hyde Park
North Hills Oceanside
$944,500 $1,200,000 $779,500 $656,750 $731,500 $2,000,000 $1,412,500 $730,000 $2,515,500 $805,000 $3,450,000 $687,000 $1,910,000 $835,000 $2,390,000 $700,000 $2,700,000 $2,525,000 $850,000 $1,875,000 $880,000 $1,275,000 $1,075,000 $779,000 $1,392,000 $1,630,000 $1,922,500 $1,092,500
Residential Nassau County
NEIGHBORHOOD
South Hempstead
Sands Point
Sea Cliff Seaford
Searingtown
Stewart Manor Syosset
Upper Brookville
Valley Stream
West Hempstead
Wantagh Westbury
Williston Park Woodbury
$630,000 $3,550,000 $1,037,500 $724,000 $1,556,500 $784,000 $1,100,000 $2,550,000 $675,000 $702,500 $740,000
Matinecock, NY •
L3583831
Nassau County
NEIGHBORHOOD
Suffolk County
12,799 +2%
Number of Sales
52 -5%
Average Days on Market
2024 Annual Summary • January 1 – December 31, 2024 2024 vs 2023 2024 vs 2023
$630K +11%
Median Sales Price
$778K +12%
Average Sales Price
2,627 +6%
Listing Inventory
Cold Spring Harbor, NY
$700,000 $590,000 $975,000 $499,000 $565,000 $850,000 $1,605,000 $753,000 $1,028,975 $735,000 $653,000 $876,500 $720,000 $1,250,000 $850,000 $1,985,000 $615,000 $682,500 $644,125 $2,120,000 $2,200,000 $898,000 $655,000 $720,000 $702,500 $1,208,250 $911,875
County
NEIGHBORHOOD
2024 Annual Summary • January 1 – December 31, 2024
778 +10%
Number of Sales
2024 vs 2023
75 +12%
Average Days on Market
2024 vs 2023
$752K +3%
Median Sales Price
vs 2023
$962K +6%
Average Sales Price
244 +9%
Listing Inventory
• January 1 – December 31, 2024
$903,000 $650,000 $480,000 $1,200,000 $1,185,000 $578,500 $945,000 $875,000 $1,130,000 $895,000
$1,137,500
1,022 +14%
Number of Sales
100 +4%
Average Days on Market
2024 Annual Summary • January 1 – December 31, 2024 2024 vs 2023 2024 vs 2023
$942K +11%
Median Sales Price
$1.65M +17%
Average Sales Price
604 +15%
Listing Inventory
Quogue, NY • MLS#
Residential Hamptons
2024 Summary • January 1 – December 31, 2024
NEIGHBORHOOD
Amagansett
Bridgehampton
Center Moriches
East Hampton
East Moriches
East Quogue
Eastport
Hampton Bays
Manorville
Montauk
Moriches
North Haven
Noyack
Quogue
Remsenburg
Sag Harbor
Sagaponack
Shinnecock
Southampton Speonk
Springs
Wainscott
$4,100,000 $3,900,000 $650,000 $1,712,500 $749,999 $1,090,000 $750,000 $870,000 $560,000 $1,701,000 $600,000 $3,125,000$2,550,000 $1,690,000 $2,337,000 $8,700,000$2,200,000 $652,450$4,150,000
$1,625,000 $1,800,000 $2,625,000
631.298.0300
631.298.4130
631.754.3400
516.674.2000
718.638.6500