Is Brightwaters, 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, Brightwaters was a Seller's Market.
Housing Prices in Brightwaters, NY
How much do homes in Brightwaters, NY cost?
Median Sold Price
$845,000
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Brightwaters was $845,000 in May 2024, up 19.7% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $495K | $475K | -4.0% |
3 Bedrooms | $770K | $720K | -6.5% |
4 Bedrooms | $773.7K | $1.0M | +31.7% |
5+ Bedrooms | $650K | $845K | +30.0% |
Summary: Brightwaters housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
Brightwaters | $705.7K | $845K | +19.7% |
Islip | $529.6K | $572.1K | +8.0% |
Housing Supply in Brightwaters, NY
How many homes are available in Brightwaters, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 16 | +33.3% |
Summary: The Brightwaters real estate market had 16 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Brightwaters housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Brightwaters in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Brightwaters, NY
How long does it take to sell a home in Brightwaters, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
109 Days | 39 Days | -64.4% |
Summary: Homes in Brightwaters had an average of 39 days on market in May 2024, down by 64.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Brightwaters; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.