Is East Setauket, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Setauket is a neutral's market

Buyer's
Market

Difference Since September 2023

Since last year, East Setauket has remained a Neutral Market.

Key Takeaway

East Setauket 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 East Setauket, NY

How much do homes in East Setauket, NY cost?

Median Sold Price

$730,000

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,000(+2.8%)

Key Takeaway

Homes in East Setauket have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in East Setauket was $730,000 in September 2024, up 2.8% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $590K$610K
+3.4%
3 $575K$660K
+14.8%
4 $755K$777.5K
+3.0%
5+ $962.5K$1.0M
+9.1%

Summary: East Setauket housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Cities

Old Field
+13.3%
Brookhaven
+12.4%
Port Jefferson
+8.7%
East Setauket
+2.8%

Housing Supply in East Setauket, NY

How many homes are available in East Setauket, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9382-11.8%

Summary: The East Setauket real estate market had 82 homes for sale in September 2024, a 11.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 66
0.0%
3 2723
-14.8%
4 3529
-17.1%
5+ 2524
-4.0%

Summary: The East Setauket housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Setauket, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in East Setauket in September 2024, down by 40.9% month-over-month. Of the 13 sold homes, 15% were sold under asking, 23% were sold at asking, and 62% were sold over asking.

Days on Market for East Setauket, NY

How long does it take to sell a home in East Setauket, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
37 Days30 Days-17.3%

Summary: Homes in East Setauket had an average of 30 days on market in Sep 2024, down by 17.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Setauket are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 13 homes were sold in East Setauket; 54% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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