Is Bellport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellport is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Bellport was a Seller's Market.

Key Takeaway

Bellport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bellport, NY

How much do homes in Bellport, NY cost?

Median Sold Price

$530,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$90,000(+20.5%)

Key Takeaway

Homes in Bellport have sold for 20.5% more than they did a year ago.

Summary: The median home sold price in Bellport was $530,000 in March 2024, up 20.5% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $610K-
N/A
2 $445K$530K
+19.1%
3 $410K$452.5K
+10.4%
4 $465K$570K
+22.6%
5+ $445K$615K
+38.2%

Summary: Bellport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 38.2%.

Median Sold Price Compared To Nearby Cities

Bellport
+20.5%
Brookhaven
+7.1%

Housing Supply in Bellport, NY

How many homes are available in Bellport, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5152+2.0%

Summary: The Bellport real estate market had 52 homes for sale in March 2024, a 2.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1513
-13.3%
4 2829
+3.6%
5+ 57
+40.0%

Summary: The Bellport housing inventory by bedroom type for March 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 13.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellport, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Bellport in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Bellport, NY

How long does it take to sell a home in Bellport, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
110 Days100 Days-9.1%

Summary: Homes in Bellport had an average of 100 days on market in Mar 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Bellport has remained consistent over time.

Summary: During March 2024, 4 homes were sold in Bellport; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Bellport, NY

Nearby Markets to Bellport, NY

What housing markets are near Bellport, NY?