Lindenhurst NY Housing Market | Seller's Market? Buyer's Market? It's a Taxing Situation

Lindenhurst NY Housing Market | Seller's Market? Buyer's Market? It's a Taxing Situation

What it really comes down to is price point and property taxes. This is what can hurt sellers trying to sell their home. 

If you are in the $325,000 to $350,000 price point, there are 24 homes for sale in Lindenhurst. But, most buyers have to keep the property taxes under $10,000. That leaves 7 homes available for them to choose from:

The higher in price, the less buyers there are. The same goes for high property taxes. In my experience, most buyers have to be under $10,000 in property taxes. Lindenhurst NY property taxes can be all over the place.

As you can see from the chart above, the homes in black are in a seller's market. The homes in red are in a buyer's market. A few of the homes in black already have 1st accepted offers on them.

I tell Lindenhurst NY homeowners to get their taxes grieved before putting their fabulous home on the market. Until the taxes are grieved, buyers in most cases will not make an offer on the home until they see what the property taxes have been lowered to in the price range of $325K to $350K.

If you are interested in grieving your Lindenhurst NY property taxes, start here: Town Assessor Grievances

The deadline to file property tax grievance in the Town of Babylon is from mid April to the 3rd Tuesday in May.