Is East Patchogue, 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 Patchogue has remained a Buyer's Market.
Key Takeaway
East Patchogue is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Patchogue, NY
How much do homes in East Patchogue, NY cost?
Median Sold Price
$530,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Patchogue have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in East Patchogue was $530,000 in April 2024, up 6.2% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $387.5K | +2.0% |
| 2 Bedrooms | $406.5K | $440K | +8.2% |
| 3 Bedrooms | $470K | $505K | +7.4% |
| 4 Bedrooms | $542.5K | $552.5K | +1.8% |
| 5+ Bedrooms | $634K | $640K | +0.9% |
Summary: East Patchogue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| North Bellport | $440K | $480K | +9.1% |
| Medford | $465K | $502.6K | +8.1% |
| Town of Brookhaven | $470.6K | $506.9K | +7.7% |
| East Patchogue | $499K | $530K | +6.2% |
Housing Supply in East Patchogue, NY
How many homes are available in East Patchogue, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 71 | +14.5% |
Summary: The East Patchogue real estate market had 71 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 21 | 30 | +42.9% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The East Patchogue 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 decreased by 11.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Patchogue, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in East Patchogue in April 2024, the same as the previous month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for East Patchogue, NY
How long does it take to sell a home in East Patchogue, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 55 Days | -11.9% |
Summary: Homes in East Patchogue had an average of 55 days on market in Apr 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Patchogue are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in East Patchogue; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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.