Is Islip, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Islip was a Seller's Market.
Key Takeaway
Islip is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Islip, NY
How much do homes in Islip, NY cost?
Median Sold Price
$559,994
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Islip have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Islip was $559,994 in March 2024, up 5.8% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $275K | +14.6% |
| 2 Bedrooms | $410K | $420K | +2.4% |
| 3 Bedrooms | $510K | $540K | +5.9% |
| 4 Bedrooms | $575.3K | $605K | +5.2% |
| 5+ Bedrooms | $603K | $634.6K | +5.3% |
Summary: Islip housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Smithtown | $641K | $685K | +6.9% |
| Islip | $529.2K | $559.9K | +5.8% |
Housing Supply in Islip, NY
How many homes are available in Islip, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 835 | 868 | +4.0% |
Summary: The Islip real estate market had 868 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 33 | +6.5% |
| 2 Bedrooms | 97 | 99 | +2.1% |
| 3 Bedrooms | 291 | 303 | +4.1% |
| 4 Bedrooms | 253 | 259 | +2.4% |
| 5+ Bedrooms | 163 | 174 | +6.7% |
Summary: The Islip housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 114 | -16.8% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Islip, you could pay more than the asking price. 51.8% of homes here sold above asking price last month.
Summary: A total of 114 homes were sold or pending in Islip in March 2024, down by 16.8% month-over-month. Of the 114 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% were sold over asking.
Days on Market for Islip, NY
How long does it take to sell a home in Islip, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 52 Days | -31.0% |
Summary: Homes in Islip had an average of 52 days on market in Mar 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Islip are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 114 homes were sold in Islip; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally