Farmingville, NY Home Values & Market Trends
Real estate market trends reflect that there have been 99 transactions over the past year in Farmingville. The median value for residential home transactions that occurred over the previous year is $539,129.19. The number of current listings in Farmingville is 20, and the percentage of properties for sale in the city is 20.00%. Farmingville, NY currently has 98 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 20 properties for sale.
Farmingville, NY Real Estate Market Overview
Zip | Median Est. Value |
---|---|
11738 | $ 539,949 $ 297/sqft |
Housing Market Summary for Farmingville, NY
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $502.4K | $0 | -100.00% |
Median Sold Price | $0 | $0 | - |
Homes For Sale | 16 | 20 | 25.00% |
Homes Sold | 0 | 0 | - |
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 Farmingville, NY
Browse Homes in Farmingville, NY
Farmingville home values range from $49,625 to $2,023,323. The median estimated value of a home in Farmingville is $539,129.19. The median list price of a home is 514,949.5, and the total count of properties in the city is 4,502.
- Pre-ForeclosurePre-foreclosure homes account for 2.13% of all residential properties in Farmingville, NY with 11738 containing 96 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Farmingville, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $710,500 in 11738 to the lowest home value of $51,501 in 11738.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Farmingville, 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 Farmingville, NY. There is 1 zips within Farmingville, NY; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions11738 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Farmingville, NY. Auction homes and other auction properties account for 0.04% of all properties in Farmingville, NY. There is 1 zips within Farmingville, NY; of that zips, the median estimated home value for homes going to auction ranges from $598,000 in 11738 to the lowest value of $554,250 in 11738.
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Guide for Farmingville, NY
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.
An increase is house prices but a slowdown of homes sold in September
With more people working from home, there's an of excess office spaces. Older buildings may be up for apartment conversions especially with proposed tax breaks