Is Freeport, 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, Freeport was a Neutral Market.
Housing Prices in Freeport, NY
How much do homes in Freeport, NY cost?
Median Sold Price
$539,333
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Freeport was $539,333 in May 2024, up 0.8% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $210K | +10.5% |
2 Bedrooms | $387K | $413.7K | +6.9% |
3 Bedrooms | $550K | $550K | 0.0% |
4 Bedrooms | $600K | $600K | 0.0% |
5+ Bedrooms | $647.5K | $622.5K | -3.9% |
Summary: Freeport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 6.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in Freeport, NY
How many homes are available in Freeport, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
177 | 210 | +18.6% |
Summary: The Freeport real estate market had 210 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 31 | +19.2% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 56 | 69 | +23.2% |
4 Bedrooms | 43 | 54 | +25.6% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Freeport housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Freeport in May 2024, up by 5.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for Freeport, NY
How long does it take to sell a home in Freeport, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 65 Days | -5.2% |
Summary: Homes in Freeport had an average of 65 days on market in May 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Freeport; 32% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.