Freeport, NY Home Values & Market Trends
Real estate market trends reflect that there have been 336 transactions over the past year in Freeport. The median value for residential home transactions that occurred over the previous year is $558,180.74. The number of current listings in Freeport is 70, and the percentage of properties for sale in the city is 70.00%. Freeport, NY currently has 407 properties in foreclosure, 10 bank owned properties, 22 properties headed for auction, and 70 properties for sale.
Freeport, NY Real Estate Market Overview
Zip | Median Est. Value |
---|---|
11520 | $ 558,116 $ 359/sqft |
Housing Market Summary for Freeport, NY
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $567.5K | $544.7K | -4.02% |
Median Sold Price | $563.4K | $544.7K | -3.32% |
Homes For Sale | 54 | 72 | 33.33% |
Homes Sold | 210 | 222 | 5.71% |
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 Freeport, NY
Browse Homes in Freeport, NY
Freeport home values range from $46,336 to $2,290,000. The median estimated value of a home in Freeport is $558,180.74. The median list price of a home is 562,500, and the total count of properties in the city is 8,948.
- Pre-ForeclosurePre-foreclosure homes account for 4.19% of all residential properties in Freeport, NY with 11520 containing 375 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Freeport, NY; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,135,350 in 11520 to the lowest home value of $50,265 in 11520.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Freeport, NY ranges from the highest value of $814,299 in 11520 to the lowest value of $440,000 in 11520. Bank owned homes and properties account for 0.11% of properties in Freeport, NY. There is 1 zips within Freeport, NY; 11520 containing 10 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions11520 has 22 auction properties, the highest number of properties going to auction in a single zip in the state of Freeport, NY. Auction homes and other auction properties account for 0.25% of all properties in Freeport, NY. There is 1 zips within Freeport, NY; of that zips, the median estimated home value for homes going to auction ranges from $794,194 in 11520 to the lowest value of $425,000 in 11520.
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Guide for Freeport, 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