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 December 2023

At the same time last year, Freeport was a Seller's 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

$587,750

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$64,750(+12.4%)

Key Takeaway

Homes in Freeport have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in Freeport was $587,750 in December 2024, up 12.4% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $199K$212.5K
+6.8%
2 $397K$405K
+2.0%
3 $535K$580K
+8.4%
4 $595K$650K
+9.2%
5+ $650K$690K
+6.2%

Summary: Freeport housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 6.2%.

Housing Supply in Freeport, NY

How many homes are available in Freeport, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
192189-1.6%

Summary: The Freeport real estate market had 189 homes for sale in December 2024, a 1.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 2426
+8.3%
2 2728
+3.7%
3 6261
-1.6%
4 5953
-10.2%
5+ 2021
+5.0%

Summary: The Freeport housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2318-21.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 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. 50% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Freeport in December 2024, down by 21.7% month-over-month. Of the 18 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
93 Days70 Days-25.2%

Summary: Homes in Freeport had an average of 70 days on market in Dec 2024, down by 25.2% compared to last year.

Breakdown of Home Sale Times

5 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

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

Summary: During December 2024, 18 homes were sold in Freeport; 28% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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 15 Days Ago

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