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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenport is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Greenport, NY

How much do homes in Greenport, NY cost?

Median Sold Price

$945,000

$570/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$58,750(+6.6%)

Key Takeaway

Homes in Greenport have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Greenport was $945,000 in February 2024, up 6.6% from last year, and the median price per square foot was $570.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $337.5K$565K
+67.4%
2 $776K$739.5K
-4.7%
3 $872.5K$890K
+2.0%
4 $1.0M$1.1M
+9.6%
5+ $1.5M$1.0M
-32.0%

Summary: Greenport housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.4%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 32%.

Median Sold Price Compared To Nearby Cities

Greenport
+6.6%
Southold
+5.9%

Housing Supply in Greenport, NY

How many homes are available in Greenport, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3836-5.3%

Summary: The Greenport real estate market had 36 homes for sale in February 2024, a 5.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 33
0.0%
2 1212
0.0%
3 1110
-9.1%
4 1010
0.0%
5+ 21
-50.0%

Summary: The Greenport 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 remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
550.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenport, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Greenport in February 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Greenport, NY

How long does it take to sell a home in Greenport, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
23 Days97 Days+316.6%

Summary: Homes in Greenport had an average of 97 days on market in Feb 2024, up by 316.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 5 homes were sold in Greenport; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 18 Days Ago

Newest Listings in Greenport, NY

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