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Woodmere, NY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Woodmere, NY Housing Market Trends

With 18,669 people, 5,000 houses or apartments, and a median cost of homes of $1,040,276, Woodmere house prices are not only among the most expensive in New York, Woodmere real estate also is some of the most expensive in all of America.

Woodmere is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Woodmere than is found in 98% of the communities in America.

The large homes that make up Woodmere are primarily owner-occupied ( 88.94%).

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Woodmere's housing was primarily built during this period, from the '40s through the '60s. A full 67.70% of the town's housing hails from this era. Other housing ages represented in Woodmere include homes built before 1939 ( 17.52%) and housing constructed between 1970-1999 ( 10.36%). There's also some housing in Woodmere built between 2000 and later ( 4.41%).

Woodmere Home Appreciation Rates

Appreciation rates for homes in Woodmere have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 73.78%, which ranks in the top 50% nationwide. This equates to an annual average Woodmere house appreciation rate of 5.68%.

Over the last year, Woodmere appreciation rates have trailed the rest of the nation. In the last twelve months, Woodmere's appreciation rate has been 5.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodmere were at -1.00%, which equates to an annual appreciation rate of -3.93%.

Relative to New York, our data show that Woodmere's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.

Average Home Values

Median Home Value

$1,040,276

Woodmere, NY Home Prices
> $1,243,000
$932,001 - $1,243,000
$621,001 - $932,000
$497,001 - $621,000
$373,001 - $497,000
$248,001 - $373,000
$124,001 - $248,000
$62,001 - $124,000
$0 - $62,000
16.6%
16.6%
46.0%
46.0%
25.7%
25.7%
6.6%
6.6%
1.4%
1.4%
0.6%
0.6%
2.1%
2.1%
0.1%
0.1%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for New york

Very High

for nation

Number of Homes And Apartments:

5,000

Woodmere Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,819 / per month

Homeownership Rate

Owners
Renters
Vacant
88.9%
88.9%
11.1%
11.1%
6.5%
6.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.4%
4.4%
10.4%
10.4%
67.7%
67.7%
17.5%
17.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.8%
86.8%
2.2%
2.2%
3.5%
3.5%
7.5%
7.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
3.7%
3.7%
3.6%
3.6%
19.5%
19.5%
44.8%
44.8%
26.4%
26.4%
0% 100.0%
% of Homes