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 February 2023

At the same time last year, Islandia was a Seller's Market.

Key Takeaway

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

Housing Prices in Islandia, NY

How much do homes in Islandia, NY cost?

Median Sold Price

$550,000

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$70,000(+14.6%)

Key Takeaway

Homes in Islandia have sold for 14.6% more than they did a year ago.

Summary: The median home sold price in Islandia was $550,000 in February 2024, up 14.6% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $260K$292.5K
+12.5%
2 $335K$629.5K
+87.9%
3 $495K$360K
-27.3%
4 $545K$565K
+3.7%
5+ $525K$550K
+4.8%

Summary: Islandia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 87.9%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Cities

Islandia
+14.6%
Islip
+4.9%

Housing Supply in Islandia, NY

How many homes are available in Islandia, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2220-9.1%

Summary: The Islandia real estate market had 20 homes for sale in February 2024, a 9.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1213
+8.3%
3 54
-20.0%
4 20
-100.0%
5+ 22
0.0%

Summary: The Islandia 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 8.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 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 Islandia, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Islandia in February 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Islandia, NY

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

Average Sale Time

Feb 2023Feb 2024CHANGE
22 Days38 Days+73.0%

Summary: Homes in Islandia had an average of 38 days on market in Feb 2024, up by 73% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Islandia; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in Islandia, NY

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