The Real State of the Lindenhurst NY Real Estate Market
Monthly Market Snapshot for Single Family Homes - March 2014
by Jackie Connelly-Fornuff with Century 21 AA Realty of Lindenhurst NY
In March 2014, the Lindenhurst NY real estate market median sales price was $268,000 up 9.38% from March 2013. The highest recent sale for 2014 is $469,000 for a 4 bedroom, 11 room new construction Colonial on Idaho Street. 16 homes went under contract during March 2014 which is down 15.8% from this time last year. This is due to decreasing available homes on the market and buyers are experiencing tight negotiating and a colder than normal winter has also played a factor in the decrease of inventory. The Lindenhurst NY housing market has been in a seller’s market for over six months so expect to pay close to or at asking price for a move-in condition home.
Single Family Homes Data
March 2014 March 2013 %Change
Median Sold Price $268,000 $245,000 9.38%
Average Days on Market 108 171 -36.8%
List Price/Sold Price Ratio 4% 3% 1%
# of Contracts Signed 16 19 -15.8%
# of Homes Available 155 216 -28.2%
All information contained herein is provided by the Multiple Listing Serice of Long Island.
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