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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Islip is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Islip has remained a Seller's Market.

Key Takeaway

Islip is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Islip, NY cost?

Median Sold Price

$479,828

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$59,976(+14.3%)

Key Takeaway

Homes in Islip have sold for 14.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $182.5K$205K
+12.3%
2 $325K$375K
+15.4%
3 $406.6K$459.9K
+13.1%
4 $454K$530K
+16.7%
5+ $470.3K$550K
+16.9%

Median Sold Price Compared To Nearby Cities

Islandia
+16.2%
Islip
+14.3%
Smithtown
+12.5%
Brightwaters
+4.3%

How many homes are available in Islip, NY?

Number of Homes For Sale

Nov 2021Dec 2021%
1,5481,410-8.9%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 5656
0.0%
2 177157
-11.3%
3 506441
-12.8%
4 507471
-7.1%
5+ 302285
-5.6%

Number of Homes Sold

Nov 2021Dec 2021%
262276+5.3%

Asking Price vs. Sold Price

85 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

158 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Islip, you could pay more than the asking price. 57.2% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
43 Days37 Days-13.7%

Breakdown of Home Sale Times

162 Homes Were Sold
Under 30 Days

87 Homes Were Sold
In 30 - 90 Days

27 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Islip, NY

Islip, NY has 1,410 homes on the market. Between November 2021 and December 2021, Islip, NY real estate market has seen decrease in the number of listings by 8.9%. In December 2021 median list price was $479,828 and the average listing age was 37 days. This housing market listing prices have changed between November 2021 and December 2021: prices of 1 bedroom properties went up by 12.3%, 2 bedrooms properties became 15.4% more expensive, 3 bedrooms properties prices increased by 13.1%, prices of 4 bedrooms properties increased by 16.7%, 5 bedrooms properties became 16.9% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 11.3%, volume of 3 bedrooms homes went down by 12.8%, volume of 4 bedrooms homes went down by 7.1%, volume of 5 bedrooms homes went down by 5.6%. While more than 158 listings in Islip, NY in December 2021 were sold above asking price, there were more than 33 listings sold at asking price, and more than 85 were sold below.

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