Island Park, NY Home Values & Market Trends
Real estate market trends reflect that there have been 81 transactions over the past year in Island Park. The median value for residential home transactions that occurred over the previous year is $647,858.87. The number of current listings in Island Park is 17, and the percentage of properties for sale in the city is 17.00%. Island Park, NY currently has 48 properties in foreclosure, 0 bank owned properties, 4 properties headed for auction, and 17 properties for sale.
Island Park, NY Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 11558 | $ 631,010 $ 385/sqft |
Housing Market Summary for Island Park, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $660K | $653.6K | -0.97% |
| Median Sold Price | $609.8K | $653.6K | 7.18% |
| Homes For Sale | 11 | 13 | 18.18% |
| Homes Sold | 63 | 38 | -39.68% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Island Park, NY
Browse Homes in Island Park, NY
Island Park home values range from $117,852 to $2,197,574. The median estimated value of a home in Island Park is $647,858.87. The median list price of a home is 635,000, and the total count of properties in the city is 2,403.
- Pre-ForeclosurePre-foreclosure homes account for 1.83% of all residential properties in Island Park, NY with 11558 containing 44 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Island Park, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,004,000 in 11558 to the lowest home value of $368,703 in 11558.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Island Park, NY ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Island Park, NY. There is 1 zips within Island Park, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions11558 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Island Park, NY. Auction homes and other auction properties account for 0.17% of all properties in Island Park, NY. There is 1 zips within Island Park, NY; of that zips, the median estimated home value for homes going to auction ranges from $596,502 in 11558 to the lowest value of $339,652 in 11558.
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Guide for Island Park, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
