Is Town of Brookhaven, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Town of Brookhaven was a Seller's Market.
Key Takeaway
Town of 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 Town of Brookhaven, NY
How much do homes in Town of Brookhaven, NY cost?
Median Sold Price
$514,943
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Town of Brookhaven have sold for 9% more than they did a year ago.
Summary: The median home sold price in Town of Brookhaven was $514,943 in May 2024, up 9% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $206.5K | $229K | +10.9% |
| 2 Bedrooms | $365K | $394.9K | +8.2% |
| 3 Bedrooms | $459.7K | $500K | +8.8% |
| 4 Bedrooms | $550K | $587.9K | +6.9% |
| 5+ Bedrooms | $601.6K | $630K | +4.7% |
Summary: Town of Brookhaven housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Yaphank | $405K | $530K | +30.9% |
| Medford | $457K | $520K | +13.8% |
| Gordon Heights | $420K | $469K | +11.7% |
| Town of Brookhaven | $472.5K | $514.9K | +9.0% |
Housing Supply in Town of Brookhaven, NY
How many homes are available in Town of Brookhaven, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2,209 | 2,408 | +9.0% |
Summary: The Town of Brookhaven real estate market had 2,408 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 82 | 89 | +8.5% |
| 2 Bedrooms | 401 | 434 | +8.2% |
| 3 Bedrooms | 730 | 811 | +11.1% |
| 4 Bedrooms | 722 | 764 | +5.8% |
| 5+ Bedrooms | 274 | 310 | +13.1% |
Summary: The Town of Brookhaven housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 13.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 358 | 361 | +0.8% |
Asking Price vs. Sold Price
98 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
211 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Town of Brookhaven, you could pay more than the asking price. 58.4% of homes here sold above asking price last month.
Summary: A total of 361 homes were sold or pending in Town of Brookhaven in May 2024, up by 0.8% month-over-month. Of the 361 sold homes, 27% were sold under asking, 14% were sold at asking, and 58% were sold over asking.
Days on Market for Town of Brookhaven, NY
How long does it take to sell a home in Town of Brookhaven, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -4.0% |
Summary: Homes in Town of Brookhaven had an average of 49 days on market in May 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
215 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
58 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Town of Brookhaven are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 361 homes were sold in Town of Brookhaven; 60% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% 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.