Is East Shoreham, 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 Shoreham was a Neutral Market.
Key Takeaway
East Shoreham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Shoreham, NY
How much do homes in East Shoreham, NY cost?
Median Sold Price
$675,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Shoreham have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in East Shoreham was $675,000 in April 2024, up 9.3% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $399K | $475K | +19.0% |
| 3 Bedrooms | $527.5K | $610K | +15.6% |
| 4 Bedrooms | $650K | $700K | +7.7% |
| 5+ Bedrooms | $790K | $785K | -0.6% |
Summary: East Shoreham 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 increased by 19%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| East Shoreham | $617.5K | $675K | +9.3% |
| Town of Brookhaven | $470.6K | $506.9K | +7.7% |
| Wading River | $637.5K | $665K | +4.3% |
| Town of Riverhead | $570K | $578K | +1.4% |
| Ridge | $398K | $400K | 0.5% |
Housing Supply in East Shoreham, NY
How many homes are available in East Shoreham, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 27 | +35.0% |
Summary: The East Shoreham real estate market had 27 homes for sale in April 2024, a 35.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 7 | 13 | +85.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Shoreham 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 85.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Shoreham, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in East Shoreham in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for East Shoreham, NY
How long does it take to sell a home in East Shoreham, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 96 Days | +24.1% |
Summary: Homes in East Shoreham had an average of 96 days on market in Apr 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
2 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 Shoreham are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in East Shoreham; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.