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 March 2023

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

$936,500

$570/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$30,750(+3.4%)

Key Takeaway

Homes in Greenport have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Greenport was $936,500 in March 2024, up 3.4% from last year, and the median price per square foot was $570.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $337.5K$280K
-17.0%
2 $645K$850K
+31.8%
3 $886.2K$890K
0.4%
4 $1.4M$1.1M
-20.1%
5+ $1.8M$1.1M
-36.0%

Summary: Greenport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 20.1%, and 5+ bedroom homes decreased by 36%.

Median Sold Price Compared To Nearby Cities

Southold
+7.3%
Greenport
+3.4%

Housing Supply in Greenport, NY

How many homes are available in Greenport, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3740+8.1%

Summary: The Greenport real estate market had 40 homes for sale in March 2024, a 8.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 1212
0.0%
3 1114
+27.3%
4 1012
+20.0%
5+ 10
-100.0%

Summary: The Greenport housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Greenport in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Mar 2023Mar 2024CHANGE
139 Days146 Days+5.4%

Summary: Homes in Greenport had an average of 146 days on market in Mar 2024, up by 5.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Greenport; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 24 Days Ago

Newest Listings in Greenport, NY

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