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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookhaven is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Brookhaven was a Neutral Market.

Key Takeaway

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

Housing Prices in Brookhaven, NY

How much do homes in Brookhaven, NY cost?

Median Sold Price

$500,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$30,000(+6.4%)

Key Takeaway

Homes in Brookhaven have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Brookhaven was $500,000 in February 2024, up 6.4% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $203.7K$222K
+9.0%
2 $365K$380.1K
+4.2%
3 $455K$490K
+7.7%
4 $549.9K$574.8K
+4.5%
5+ $601.6K$630K
+4.7%

Summary: Brookhaven housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Bellport
+13.6%
Patchogue
+9.2%
Brookhaven
+6.4%
Lake Grove
+6.4%
Shoreham
+3.3%

Housing Supply in Brookhaven, NY

How many homes are available in Brookhaven, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,8351,857+1.2%

Summary: The Brookhaven real estate market had 1,857 homes for sale in February 2024, a 1.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 7164
-9.9%
2 323350
+8.4%
3 658642
-2.4%
4 546565
+3.5%
5+ 237236
-0.4%

Summary: The Brookhaven housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.9%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 0.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
354255-28.0%

Asking Price vs. Sold Price

87 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

141 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookhaven, you could pay more than the asking price. 55.3% of homes here sold above asking price last month.

Summary: A total of 255 homes were sold or pending in Brookhaven in February 2024, down by 28.0% month-over-month. Of the 255 sold homes, 34% were sold under asking, 11% were sold at asking, and 55% were sold over asking.

Days on Market for Brookhaven, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
61 Days47 Days-22.1%

Summary: Homes in Brookhaven had an average of 47 days on market in Feb 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

128 Homes Were Sold
Under 30 Days

96 Homes Were Sold
In 30 - 90 Days

31 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Brookhaven are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 255 homes were sold in Brookhaven; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 12% 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 1 Day Ago

Newest Listings in Brookhaven, NY

Nearby Markets to Brookhaven, NY

What housing markets are near Brookhaven, NY?