Is East Norwich, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Norwich was a Seller's Market.
Key Takeaway
East Norwich is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Norwich, NY
How much do homes in East Norwich, NY cost?
Median Sold Price
$830,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Norwich have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in East Norwich was $830,000 in April 2024, up 10.7% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $730K | - | N/A |
| 2 Bedrooms | - | $653K | N/A |
| 3 Bedrooms | $670K | $905K | +35.1% |
| 4 Bedrooms | $707.5K | $757.5K | +7.1% |
| 5+ Bedrooms | $1.3M | $890K | -32.4% |
Summary: East Norwich housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 35.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 32.4%.
Median Sold Price Compared To Nearby Neighborhoods
| East Norwich | $749.7K | $830K | +10.7% |
| Town of Oyster Bay | $728.4K | $768K | +5.4% |
Housing Supply in East Norwich, NY
How many homes are available in East Norwich, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 15 | +66.7% |
Summary: The East Norwich real estate market had 15 homes for sale in April 2024, a 66.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The East Norwich housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Norwich, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in East Norwich in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for East Norwich, NY
How long does it take to sell a home in East Norwich, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 167 Days | 8 Days | -95.2% |
Summary: Homes in East Norwich had an average of 8 days on market in Apr 2024, down by 95.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Norwich are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in East Norwich; 100% of homes were sold within 30 days, 0% 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.