Is Freeport, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Freeport was a Seller's Market.
Housing Prices in Freeport, NY
How much do homes in Freeport, NY cost?
Median Sold Price
$550,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Freeport was $550,000 in June 2024, up 4.8% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195.7K | $205K | +4.7% |
2 Bedrooms | $389.5K | $400K | +2.7% |
3 Bedrooms | $545K | $565K | +3.7% |
4 Bedrooms | $605K | $600K | -0.8% |
5+ Bedrooms | $650K | $622.5K | -4.2% |
Summary: Freeport housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 4.2%.
Housing Supply in Freeport, NY
How many homes are available in Freeport, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
203 | 229 | +12.8% |
Summary: The Freeport real estate market had 229 homes for sale in June 2024, a 12.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 28 | -3.4% |
2 Bedrooms | 29 | 33 | +13.8% |
3 Bedrooms | 68 | 80 | +17.6% |
4 Bedrooms | 54 | 59 | +9.3% |
5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The Freeport housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Freeport in June 2024, up by 10.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for Freeport, NY
How long does it take to sell a home in Freeport, NY?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
55 Days | 41 Days | -25.8% |
Summary: Homes in Freeport had an average of 41 days on market in Jun 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in Freeport; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.