Plainview, NY 11803 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market indicator, median sold price, is $779,000, which reflects recent transaction-level value in a market temperature described as hot with the price year-over-year trend noted as up.
2. A significant spread between the $1,098,000 median listing price and the median sold price suggests pricing friction or elevated seller expectations relative to realized transaction prices, which may be constraining quick deal execution.
3. Market velocity appears slower despite strong headline signals: the 330 median days on market points to elongated marketing or negotiation timelines and may indicate transaction-level resistance even as the broader market shows heat; treat this as slower sales velocity.
4. Supply and value metrics show firm fundamentals—$542 median price per square foot and $4,900 median market rent—while financing conditions reflect moderate interest rate pressure and a prevailing 30-year fixed mortgage rate of 6.63%, which could temper some buyer affordability despite rising rents.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.