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Market Flash: Glen Head Real Estate

01/03/2022
Glen Head For Sale Sign

As 2021 gave way to 2022, and all the ups and downs the past year gave us, Glen Head real estate saw an up follow a down in year-on-year median home sales prices. Also on the rise was the sale to list price, while the number of homes that sold and the average number of days homes stayed on the market both dropped. What else is happening? Welcome to first Long Island HOME Market Flash of the new year as we head to Glen Head, NY.

Glen Head homes sold for a median price of $870,000 in December, an increase of 8.8% over the $800,000 witnessed in the final month in 2020, according to Redfin. Five years ago, the average median price was $992,500. Over the past year, the median price showed monthly fluctuations as high as $1,737,00 in August and as low as $794,500 in January, 2021—the only time it had dropped below the $800,000 since June 2020.

Glen Head Median Home Sales Price Five-Year Look-back
December 2016 $992,500
December 2017 $1,010,000
December 2018 $1,449,750
December 2019 $934,000
December 2020 $800,000

Among all the Glen Head homes that sold in Decemberr 2021, the sale-to-list price of 102% represents an increase of 5.4% over 2020—not only the highest such number during the prior five-years, but the only time it has crossed the 100% mark. A year ago it was 96.7%, and the low during the last half-decade low of 89.6% in February 2020.

Homes for sale in Glen Head stayed on the market for a median average of 27 days, a 64% drop from the 75-day average we saw the year prior. This is the shortest number of days on market over the half-decade, edging out the 28 days during December 2016 and July 2019, and a notable shift from 218 days on market in February 2020, the highest number at any time in the past five years.

The number of homes showing a drop in price was 2.2%, a decrease of 61.3% year on-year. And overall, fewer homes were sold in Glen Head year on year—7 homes sold in December 2021, a decrease of 69.6% versus the 23 in same time period last year. This is only the second time since 4 homes were sold in July 2020 (the other being 7 in June 2021) that this number has been in single digits.

READ MORE LONG ISLAND HOME MARKET FLASH HERE