Is Suffolk County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Suffolk County was a Seller's Market.
Housing Prices in Suffolk County, NY
How much do homes in Suffolk County, NY cost?
Median Sold Price
$582,969
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Suffolk County was $582,969 in April 2024, up 6% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $231.9K | $260.3K | +12.2% |
2 Bedrooms | $409.9K | $434.7K | +6.1% |
3 Bedrooms | $520.3K | $554.3K | +6.5% |
4 Bedrooms | $614.8K | $650.1K | +5.7% |
5+ Bedrooms | $699.9K | $736.1K | +5.2% |
Summary: Suffolk County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Counties
Suffolk County | $550K | $582.9K | +6.0% |
Nassau County | $679.8K | $710.7K | +4.5% |
Housing Supply in Suffolk County, NY
How many homes are available in Suffolk County, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5,524 | 6,237 | +12.9% |
Summary: The Suffolk County real estate market had 6,237 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 174 | 192 | +10.3% |
2 Bedrooms | 777 | 837 | +7.7% |
3 Bedrooms | 1,775 | 2,004 | +12.9% |
4 Bedrooms | 1,780 | 2,045 | +14.9% |
5+ Bedrooms | 1,018 | 1,159 | +13.9% |
Summary: The Suffolk County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
752 | 825 | +9.7% |
Asking Price vs. Sold Price
267 Homes Were Sold
Under Asking
97 Homes Were Sold
At Asking
461 Homes Were Sold
Over Asking
Summary: A total of 825 homes were sold or pending in Suffolk County in April 2024, up by 9.7% month-over-month. Of the 825 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% were sold over asking.
Days on Market for Suffolk County, NY
How long does it take to sell a home in Suffolk County, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 54 Days | -16.1% |
Summary: Homes in Suffolk County had an average of 54 days on market in Apr 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
448 Homes Were Sold
Under 30 Days
228 Homes Were Sold
In 30 - 90 Days
149 Homes Were Sold
Over 90 Days
Summary: During April 2024, 825 homes were sold in Suffolk County; 54% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.