Is Southold, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southold has remained a Buyer's Market.
Housing Prices in Southold, NY
How much do homes in Southold, NY cost?
Median Sold Price
$1,051,666
$532/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southold was $1,051,666 in April 2024, up 7.4% from last year, and the median price per square foot was $532.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $575K | +35.3% |
2 Bedrooms | $675K | $706.2K | +4.6% |
3 Bedrooms | $906.5K | $962.5K | +6.2% |
4 Bedrooms | $1.3M | $1.2M | -1.0% |
5+ Bedrooms | $1.7M | $2.1M | +21.9% |
Summary: Southold housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
Greenport | $886.2K | $965K | +8.9% |
Southold | $979K | $1.0M | +7.4% |
Housing Supply in Southold, NY
How many homes are available in Southold, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
187 | 215 | +15.0% |
Summary: The Southold real estate market had 215 homes for sale in April 2024, a 15.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 28 | 32 | +14.3% |
3 Bedrooms | 71 | 82 | +15.5% |
4 Bedrooms | 59 | 69 | +16.9% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Southold housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 15 | -40.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Southold in April 2024, down by 40.0% month-over-month. Of the 15 sold homes, 87% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Southold, NY
How long does it take to sell a home in Southold, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 183 Days | +120.8% |
Summary: Homes in Southold had an average of 183 days on market in Apr 2024, up by 120.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Southold; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.