Is Port Jefferson, 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, Port Jefferson has remained a Seller's Market.
Housing Prices in Port Jefferson, NY
How much do homes in Port Jefferson, NY cost?
Median Sold Price
$720,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Port Jefferson was $720,000 in May 2024, up 12.9% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $306K | - | N/A |
2 Bedrooms | $430K | $500K | +16.3% |
3 Bedrooms | $597.5K | $726K | +21.5% |
4 Bedrooms | $720K | $725K | +0.7% |
5+ Bedrooms | $680K | $947.5K | +39.3% |
Summary: Port Jefferson 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 increased by 16.3%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 39.3%.
Median Sold Price Compared To Nearby Cities
Port Jefferson | $637.5K | $720K | +12.9% |
Brookhaven | $474.2K | $515K | +8.6% |
East Setauket | $677.5K | $730K | +7.7% |
Housing Supply in Port Jefferson, NY
How many homes are available in Port Jefferson, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 53 | +3.9% |
Summary: The Port Jefferson real estate market had 53 homes for sale in May 2024, a 3.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Port Jefferson 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 increased by 16.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 11 | +266.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Port Jefferson in May 2024, up by 266.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Port Jefferson, NY
How long does it take to sell a home in Port Jefferson, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 56 Days | +11.6% |
Summary: Homes in Port Jefferson had an average of 56 days on market in May 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Port Jefferson; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.