Island Park, NY Foreclosures
How much do homes sell for in Island Park, NY?
The average home price is currently $698,691.
In Island Park, NY, how many homes are available?
There are currently 25 active home listings available in Island Park.
What’s the average rental cost in Island Park, NY?
The average rental price in Island Park is $2,855.
What is the most expensive home in Island Park?
The most expensive home sold in Island Park had a price of $4,757,568.
What is currently the cheapest priced home in Island Park, NY?
The cheapest home for sale in Island Park is priced at $12,830.
Living in Island Park, NY
Island Park is a charming coastal village situated on Long Island, New York. Nestled between the Atlantic Ocean and the beautiful Reynolds Channel, it offers a unique blend of residential comfort, vibrant local culture, and scenic waterfront views. Residents enjoy the tranquility of a small-town atmosphere while being just a short drive from the bustling city life of New York City.
Current Market Conditions in Island Park, NY
The real estate market in Island Park is competitive, with properties often selling quickly due to high demand. As a desirable seaside location, the number of new developments and renovations has been on the rise, attracting buyers looking for vacation homes and primary residences alike. Recent trends have shown an increase in home values, driven by the area's ongoing gentrification and the proximity to beaches.
With a mixture of single-family homes, condos, and co-ops available, buyers can find options that suit different budgets and lifestyles. Waterfront properties are particularly sought after, leading to an increase in market activity in that segment.
Home Value Estimator For Island Park, NY
There are currently 2,670 real estate properties
in Island Park, NY,
with a median automated valuation model (AVM) price
of $680,136.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Island Park, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Island Park, NY,
is $698,691.00, with the most expensive house
in Island Park, NY, topping out
at $4,757,568.00 and the cheapest home
in Island Park, NY,
clocking in at $12,830.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Island Park, NY!
Rent Prices
In Island Park, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Island Park, NY, is on
a rollercoaster ride. The
average rent price in Island Park, NY,
is $2,855.00. Indeed, when looking to rent in
Island Park, NY, you can expect to pay as little
as $1,580.00 or as much
as $5,000.00,
with the average rent median estimated to
be $2,850.00. The good news is that finding
an affordable and desirable property to rent in Island Park, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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