Is Freeport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Freeport was a Neutral Market.

Key Takeaway

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

How much do homes in Freeport, NY cost?

Median Sold Price

$530,000

$336/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$49,500(+10.3%)

Key Takeaway

Homes in Freeport have sold for 10.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $178.2K$196.5K
+10.2%
2 $350K$375.5K
+7.3%
3 $490K$549K
+12.0%
4 $551.7K$600K
+8.7%
5+ $589K$655.5K
+11.3%

How many homes are available in Freeport, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
220218-0.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 3131
0.0%
2 3130
-3.2%
3 6670
+6.1%
4 5554
-1.8%
5+ 3733
-10.8%

Number of Homes Sold

Oct 2022Nov 2022%
2817-39.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeport, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
54 Days67 Days+24.6%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Freeport has remained consistent over time.

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

About Freeport, NY

Homes for sale in Freeport, NY have reached 218. Between October 2022 and November 2022, Freeport, NY real estate market has seen decrease in the number of listings by 0.9%. In November 2022 median list price was $530,000 and the average listing age was 67 days. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties became 10.2% more expensive, the cost of 2 bedrooms properties went up by 7.3%, prices of 3 bedrooms properties increased by 12%, 4 bedrooms properties became 8.7% more expensive, prices of 5 bedrooms properties went up by 11.3%. This housing market inventory have changed: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 3.2%, the quantity of 3 bedrooms homes went up by 6.1%, volume of 4 bedrooms homes went down by 1.8%, 5 bedrooms homes became 10.8% less available. Over 5 listings were sold over their listed price in November 2022 in Freeport, NY. In the same period over 12 listings were sold below the listed price and 0 listings were sold for the listed price.