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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brightwaters is a buyer's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Brightwaters, NY cost?

Median Sold Price

$740,000

$271/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$141,250(+23.6%)

Key Takeaway

Homes in Brightwaters have sold for 23.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $848K-
N/A
2 $675K$517.5K
-23.3%
3 $545K$634K
+16.3%
4 $655K$825K
+26.0%
5+ $865K$850K
-1.7%

Median Sold Price Compared To Nearby Cities

Brightwaters
+23.6%
Islip
+11.2%

How many homes are available in Brightwaters, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
1615-6.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 77
0.0%
5+ 11
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brightwaters, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
5 Days100 Days+1673.5%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Brightwaters, NY

There are 15 homes are for sale in Brightwaters, NY real estate market. The number of listings in Brightwaters, NY decreased by 6.3% between October 2022 and November 2022. In November 2022 median list price was $740,000 and the average listing age was 100 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 23.3%, 3 bedrooms properties became 16.3% more expensive, the cost of 4 bedrooms properties went up by 26%, 5 bedrooms properties prices decreased by 1.7%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 14.3%, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. In November 2022 more than 1 listings in Brightwaters, NY were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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