Is Fort Salonga, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Fort Salonga was a Seller's Market.
Key Takeaway
Fort Salonga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fort Salonga, NY
How much do homes in Fort Salonga, NY cost?
Median Sold Price
$987,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fort Salonga have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in Fort Salonga was $987,000 in March 2024, up 17.2% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $590K | $405.6K | -31.3% |
| 3 Bedrooms | $725K | $750K | +3.4% |
| 4 Bedrooms | $905K | $1.1M | +21.5% |
| 5+ Bedrooms | $985K | $1.1M | +14.2% |
Summary: Fort Salonga 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 31.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Fort Salonga | $842.5K | $987K | +17.2% |
| Kings Park | $590K | $635K | +7.6% |
| Town of Smithtown | $640K | $681.9K | +6.6% |
| East Northport | $660K | $690K | +4.5% |
| Town of Huntington | $731.6K | $764.6K | +4.5% |
Housing Supply in Fort Salonga, NY
How many homes are available in Fort Salonga, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The Fort Salonga real estate market had 35 homes for sale in March 2024, a 7.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Fort Salonga 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 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 Fort Salonga, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fort Salonga in March 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Fort Salonga, NY
How long does it take to sell a home in Fort Salonga, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 193 Days | +182.6% |
Summary: Homes in Fort Salonga had an average of 193 days on market in Mar 2024, up by 182.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fort Salonga are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Fort Salonga; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.