Is Muttontown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Muttontown has remained a Buyer's Market.
Housing Prices in Muttontown, NY
How much do homes in Muttontown, NY cost?
Median Sold Price
$1,798,000
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Muttontown was $1,798,000 in May 2024, down 10.1% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.3M | $1.2M | -6.4% |
4 Bedrooms | $1.6M | $1.5M | -3.9% |
5+ Bedrooms | $2.2M | $1.9M | -12.8% |
Summary: Muttontown 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 did not change, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 12.8%.
Median Sold Price Compared To Nearby Cities
Oyster Bay | $724.1K | $775.5K | +7.1% |
Muttontown | $2.0M | $1.7M | -10.1% |
Housing Supply in Muttontown, NY
How many homes are available in Muttontown, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 43 | +34.4% |
Summary: The Muttontown real estate market had 43 homes for sale in May 2024, a 34.4% 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 | 2 | 2 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 25 | 35 | +40.0% |
Summary: The Muttontown 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 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Muttontown in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Muttontown, NY
How long does it take to sell a home in Muttontown, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 60 Days | -27.7% |
Summary: Homes in Muttontown had an average of 60 days on market in May 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Muttontown; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.