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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Islip is a neutral's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

Islip is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Islip, NY cost?

Median Sold Price

$529,697

$308/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$45,268(+9.3%)

Key Takeaway

Homes in Islip have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $207K$230K
+11.1%
2 $380K$400K
+5.3%
3 $465K$510K
+9.7%
4 $533.3K$579.3K
+8.6%
5+ $555K$605K
+9.0%

Median Sold Price Compared To Nearby Cities

Brightwaters
+13.1%
Islip
+9.3%
Smithtown
+7.1%

How many homes are available in Islip, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
1,1291,063-5.8%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 4442
-4.5%
2 135129
-4.4%
3 384353
-8.1%
4 353336
-4.8%
5+ 213203
-4.7%

Number of Homes Sold

Dec 2022Jan 2023%
216173-19.9%

Asking Price vs. Sold Price

81 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Islip, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
42 Days65 Days+53.1%

Breakdown of Home Sale Times

83 Homes Were Sold
Under 30 Days

51 Homes Were Sold
In 30 - 90 Days

39 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.

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

About Islip, NY

Islip, NY has 1,063 homes for sale to choose from. In January 2023 in Islip, NY there were 5.8% less homes for sale than in December 2022. The median list price of listings available in January 2023 was $529,697, while the average time on the real estate market was 65 days. This housing market listing prices have changed between December 2022 and January 2023: prices of 1 bedroom properties went up by 11.1%, the cost of 2 bedrooms properties went up by 5.3%, prices of 3 bedrooms properties increased by 9.7%, prices of 4 bedrooms properties increased by 8.6%, prices of 5 bedrooms properties went up by 9%. This housing market inventory have changed: number of 1 bedroom homes decreased by 4.5%, volume of 2 bedrooms homes went down by 4.4%, number of 3 bedrooms homes decreased by 8.1%, 4 bedrooms homes became 4.8% less available, number of 5 bedrooms homes decreased by 4.7%. Over 70 listings were sold over their listed price in January 2023 in Islip, NY. In the same period over 81 listings were sold below the listed price and 22 listings were sold for the listed price.

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