Is Center Moriches, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Center Moriches has remained a Neutral Market.
Key Takeaway
Center Moriches is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Center Moriches, NY
How much do homes in Center Moriches, NY cost?
Median Sold Price
$597,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Center Moriches have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Center Moriches was $597,000 in April 2024, down 3.6% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $472.5K | $705K | +49.2% |
| 2 Bedrooms | $530K | $502.9K | -5.1% |
| 3 Bedrooms | $560.5K | $575K | +2.6% |
| 4 Bedrooms | $660K | $599K | -9.2% |
| 5+ Bedrooms | $783.2K | $730K | -6.8% |
Summary: Center Moriches housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.2%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 9.2%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Moriches | $500K | $540K | +8.0% |
| Town of Brookhaven | $470.6K | $506.9K | +7.7% |
| Center Moriches | $619K | $597K | -3.6% |
| Manorville | $515K | $496.2K | -3.6% |
Housing Supply in Center Moriches, NY
How many homes are available in Center Moriches, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Center Moriches real estate market had 32 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Center Moriches housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Center Moriches, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Center Moriches in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Center Moriches, NY
How long does it take to sell a home in Center Moriches, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 106 Days | 40 Days | -61.9% |
Summary: Homes in Center Moriches had an average of 40 days on market in Apr 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Center Moriches has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Center Moriches; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.