Is Central Islip, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Central Islip was a Seller's Market.
Key Takeaway
Central Islip 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 Central Islip, NY
How much do homes in Central Islip, NY cost?
Median Sold Price
$466,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central Islip have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Central Islip was $466,000 in March 2024, up 5.8% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $268.2K | +39.4% |
| 2 Bedrooms | $395K | $410K | +3.8% |
| 3 Bedrooms | $445K | $472.5K | +6.2% |
| 4 Bedrooms | $477.5K | $515K | +7.9% |
| 5+ Bedrooms | $520K | $570K | +9.6% |
Summary: Central Islip housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Islip Terrace | $516K | $575K | +11.4% |
| Central Islip | $440.5K | $466K | +5.8% |
| Ronkonkoma | $507.5K | $532.5K | +4.9% |
Housing Supply in Central Islip, NY
How many homes are available in Central Islip, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 111 | 116 | +4.5% |
Summary: The Central Islip real estate market had 116 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 41 | 41 | 0.0% |
| 4 Bedrooms | 25 | 28 | +12.0% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Central Islip housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Islip, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Central Islip in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 12% were sold under asking, 24% were sold at asking, and 65% were sold over asking.
Days on Market for Central Islip, NY
How long does it take to sell a home in Central Islip, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 31 Days | -64.3% |
Summary: Homes in Central Islip had an average of 31 days on market in Mar 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Central Islip are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Central Islip; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally