Is Bay Shore, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bay Shore was a Neutral Market.
Key Takeaway
Bay Shore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bay Shore, NY
How much do homes in Bay Shore, NY cost?
Median Sold Price
$527,500
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bay Shore have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Bay Shore was $527,500 in March 2024, up 2.4% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $242.5K | +15.5% |
| 2 Bedrooms | $400K | $435K | +8.8% |
| 3 Bedrooms | $495K | $507K | +2.4% |
| 4 Bedrooms | $530K | $549K | +3.6% |
| 5+ Bedrooms | $590K | $625K | +5.9% |
Summary: Bay Shore housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| North Bay Shore | $492.5K | $527.5K | +7.1% |
| Baywood | $475K | $508.4K | +7.1% |
| Town of Islip | $527.6K | $559.8K | +6.1% |
| Bay Shore | $515K | $527.5K | +2.4% |
Housing Supply in Bay Shore, NY
How many homes are available in Bay Shore, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 80 | +9.6% |
Summary: The Bay Shore real estate market had 80 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Bay Shore housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 20.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bay Shore, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Bay Shore in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Bay Shore, NY
How long does it take to sell a home in Bay Shore, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 175 Days | 118 Days | -32.8% |
Summary: Homes in Bay Shore had an average of 118 days on market in Mar 2024, down by 32.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Bay Shore are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 8 homes were sold in Bay Shore; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% 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.