Is Brookhaven, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brookhaven has remained a Neutral Market.
Key Takeaway
Brookhaven is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Brookhaven, NY
How much do homes in Brookhaven, NY cost?
Median Sold Price
$509,166
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Brookhaven have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Brookhaven was $509,166 in April 2024, up 8.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $225K | +11.1% |
| 2 Bedrooms | $364.7K | $392.8K | +7.7% |
| 3 Bedrooms | $459.9K | $500K | +8.7% |
| 4 Bedrooms | $550K | $580K | +5.5% |
| 5+ Bedrooms | $607.1K | $630K | +3.8% |
Summary: Brookhaven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
| Bellport | $455K | $530K | +16.5% |
| Patchogue | $455K | $506K | +11.2% |
| Brookhaven | $470.8K | $509.1K | +8.1% |
| Lake Grove | $607.5K | $624.5K | +2.8% |
| Shoreham | $625K | $632K | +1.1% |
Housing Supply in Brookhaven, NY
How many homes are available in Brookhaven, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,039 | 2,273 | +11.5% |
Summary: The Brookhaven real estate market had 2,273 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 71 | 82 | +15.5% |
| 2 Bedrooms | 400 | 411 | +2.8% |
| 3 Bedrooms | 665 | 754 | +13.4% |
| 4 Bedrooms | 637 | 740 | +16.2% |
| 5+ Bedrooms | 266 | 286 | +7.5% |
Summary: The Brookhaven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 308 | 333 | +8.1% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
188 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brookhaven, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 333 homes were sold or pending in Brookhaven in April 2024, up by 8.1% month-over-month. Of the 333 sold homes, 30% were sold under asking, 14% were sold at asking, and 56% were sold over asking.
Days on Market for Brookhaven, NY
How long does it take to sell a home in Brookhaven, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 52 Days | -12.8% |
Summary: Homes in Brookhaven had an average of 52 days on market in Apr 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
179 Homes Were Sold
Under 30 Days
103 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brookhaven are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 333 homes were sold in Brookhaven; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.