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 January 2022

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

Key Takeaway

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

How much do homes in Brookhaven, NY cost?

Median Sold Price

$469,834

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$35,172(+8.1%)

Key Takeaway

Homes in Brookhaven have sold for 8.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $179K$200K
+11.7%
2 $324.8K$364.8K
+12.3%
3 $420K$451K
+7.4%
4 $499.9K$543.4K
+8.7%
5+ $546.2K$607.2K
+11.2%

Median Sold Price Compared To Nearby Cities

Brookhaven
+8.1%
Lake Grove
+7.8%
Patchogue
+7.2%
Bellport
-42.0%

How many homes are available in Brookhaven, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
2,2672,180-3.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 8484
0.0%
2 356332
-6.7%
3 814774
-4.9%
4 717707
-1.4%
5+ 296283
-4.4%

Number of Homes Sold

Dec 2022Jan 2023%
436277-36.5%

Asking Price vs. Sold Price

113 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

122 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. 44% of homes here sold above asking price last month.

Average Sale Time

Jan 2022Jan 2023%
47 Days59 Days+24.6%

Breakdown of Home Sale Times

124 Homes Were Sold
Under 30 Days

96 Homes Were Sold
In 30 - 90 Days

57 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.

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

About Brookhaven, NY

Homes for sale in Brookhaven, NY have reached 2,180. The number of listings in Brookhaven, NY decreased by 3.8% between December 2022 and January 2023. In January 2023 median list price was $469,834 and the average listing age was 59 days. This housing market listing prices have changed between December 2022 and January 2023: prices of 1 bedroom properties increased by 11.7%, 2 bedrooms properties became 12.3% more expensive, the cost of 3 bedrooms properties went up by 7.4%, the cost of 4 bedrooms properties went up by 8.7%, 5 bedrooms properties became 11.2% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 6.7% less available, number of 3 bedrooms homes decreased by 4.9%, volume of 4 bedrooms homes went down by 1.4%, 5 bedrooms homes became 4.4% less available. Brookhaven, NY housing market in January 2023 saw over 122 listings sold above listed price, more than 42 sold at listed price and over 113 sold below.

Related Housing Market Reports