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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Islandia is a buyer's market

Buyer's
Market

Difference Since October 2021

Since last year, Islandia has remained a Buyer's Market.

Key Takeaway

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

How much do homes in Islandia, NY cost?

Median Sold Price

$500,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$77,500(+18.3%)

Key Takeaway

Homes in Islandia have sold for 18.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $215K$252.5K
+17.4%
2 $282K$335K
+18.8%
3 $460K$510K
+10.9%
4 $449.9K$547.5K
+21.7%
5+ $455K$525K
+15.4%

Median Sold Price Compared To Nearby Cities

Islandia
+18.3%
Islip
+11.9%

How many homes are available in Islandia, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
3631-13.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 53
-40.0%
2 1313
0.0%
3 54
-20.0%
4 43
-25.0%
5+ 98
-11.1%

Number of Homes Sold

Sep 2022Oct 2022%
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Islandia, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
63 Days76 Days+21.4%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Islandia has remained consistent over time.

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

About Islandia, NY

Number of homes for sale in Islandia, NY real estate market have reached 31. The number of homes for sale in Islandia, NY decreased by 13.9% between September 2022 and October 2022. In October 2022, listings were on the market for 76 days. During the same period, the median list price in this real estate market was $500,000. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 17.4%, the cost of 2 bedrooms properties went up by 18.8%, 3 bedrooms properties prices increased by 10.9%, 4 bedrooms properties became 21.7% more expensive, the cost of 5 bedrooms properties went up by 15.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 40%, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went down by 20%, the quantity of 4 bedrooms homes went down by 25%, number of 5 bedrooms homes decreased by 11.1%. In October 2022 more than 0 listings in Islandia, NY were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.

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