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 February 2023

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.

Housing Prices in Freeport, NY

How much do homes in Freeport, NY cost?

Median Sold Price

$523,750

$346/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$11,250(-2.1%)

Key Takeaway

Homes in Freeport have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Freeport was $523,750 in February 2024, down 2.1% from last year, and the median price per square foot was $346.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $191.7K$201.5K
+5.1%
2 $375.5K$406.5K
+8.3%
3 $550K$542.5K
-1.4%
4 $599.9K$600K
0.0%
5+ $655K$600K
-8.4%

Summary: Freeport housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 8.4%.

Housing Supply in Freeport, NY

How many homes are available in Freeport, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
180179-0.6%

Summary: The Freeport real estate market had 179 homes for sale in February 2024, a 0.6% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2424
0.0%
2 2829
+3.6%
3 6158
-4.9%
4 4044
+10.0%
5+ 2724
-11.1%

Summary: The Freeport housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeport, expect to pay close to the asking price. 38.1% of homes here sold near the asking price last month.

Summary: A total of 21 homes were sold or pending in Freeport in February 2024, down by 8.7% month-over-month. Of the 21 sold homes, 33% were sold under asking, 38% were sold at asking, and 29% 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

Feb 2023Feb 2024CHANGE
67 Days51 Days-22.7%

Summary: Homes in Freeport had an average of 51 days on market in Feb 2024, down by 22.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Freeport are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 21 homes were sold in Freeport; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 24% 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 1 Day Ago

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