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 buyer's market

Buyer's
Market

Difference Since March 2023

Since last year, East Setauket has remained a Buyer's Market.

Key Takeaway

East Setauket is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Setauket, NY

How much do homes in East Setauket, NY cost?

Median Sold Price

$699,500

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,500(+3.0%)

Key Takeaway

Homes in East Setauket have sold for 3% more than they did a year ago.

Summary: The median home sold price in East Setauket was $699,500 in March 2024, up 3% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $610K$537.5K
-11.9%
3 $600K$620K
+3.3%
4 $689K$725K
+5.2%
5+ $992K$960.5K
-3.2%

Summary: East Setauket housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Cities

Brookhaven
+7.1%
Port Jefferson
+4.7%
East Setauket
+3.0%

Housing Supply in East Setauket, NY

How many homes are available in East Setauket, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6979+14.5%

Summary: The East Setauket real estate market had 79 homes for sale in March 2024, a 14.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1212
0.0%
4 3338
+15.2%
5+ 1922
+15.8%

Summary: The East Setauket housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 15.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Setauket, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in East Setauket in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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

Mar 2023Mar 2024CHANGE
93 Days52 Days-44.6%

Summary: Homes in East Setauket had an average of 52 days on market in Mar 2024, down by 44.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 March 2024, 8 homes were sold in East Setauket; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 20 Days Ago

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