Is East Islip, 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, East Islip has remained a Seller's Market.
Key Takeaway
East Islip is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Islip, NY
How much do homes in East Islip, NY cost?
Median Sold Price
$630,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Islip have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in East Islip was $630,000 in April 2024, up 8.6% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $250K | +8.7% |
| 2 Bedrooms | $350.4K | $471.5K | +34.5% |
| 3 Bedrooms | $561K | $590K | +5.2% |
| 4 Bedrooms | $635K | $650K | +2.4% |
| 5+ Bedrooms | $730K | $718K | -1.6% |
Summary: East Islip housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Great River | $725.5K | $817.5K | +12.7% |
| North Great River | $550K | $600K | +9.1% |
| East Islip | $580K | $630K | +8.6% |
| Town of Islip | $530K | $562K | +6.0% |
Housing Supply in East Islip, NY
How many homes are available in East Islip, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The East Islip real estate market had 34 homes for sale in April 2024, a 5.6% decrease 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The East Islip 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Islip, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in East Islip in April 2024, down by 30.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for East Islip, NY
How long does it take to sell a home in East Islip, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 58 Days | +21.1% |
Summary: Homes in East Islip had an average of 58 days on market in Apr 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Islip has remained consistent over time.
Summary: During April 2024, 7 homes were sold in East Islip; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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.