Is Shoreham, 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, Shoreham has remained a Seller's Market.
Key Takeaway
Shoreham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shoreham, NY
How much do homes in Shoreham, NY cost?
Median Sold Price
$660,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shoreham have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Shoreham was $660,000 in May 2024, up 6.5% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399K | $475K | +19.0% |
| 3 Bedrooms | $519.2K | $600K | +15.6% |
| 4 Bedrooms | $655K | $705K | +7.6% |
| 5+ Bedrooms | $900K | $906.2K | +0.7% |
Summary: Shoreham 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 19%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 0.7%.
Median Sold Price Compared To Nearby Cities
| Brookhaven | $474.2K | $515K | +8.6% |
| Shoreham | $620K | $660K | +6.5% |
Housing Supply in Shoreham, NY
How many homes are available in Shoreham, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Shoreham real estate market had 26 homes for sale in May 2024, a 8.3% 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 | 9 | 7 | -22.2% |
| 4 Bedrooms | 11 | 16 | +45.5% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Shoreham 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 decreased by 22.2%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shoreham, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Shoreham in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Shoreham, NY
How long does it take to sell a home in Shoreham, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 84 Days | 71 Days | -15.7% |
Summary: Homes in Shoreham had an average of 71 days on market in May 2024, down by 15.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shoreham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Shoreham; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.