Is Islip, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Islip was a Seller's Market.
Housing Prices in Islip, NY
How much do homes in Islip, NY cost?
Median Sold Price
$554,936
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Islip was $554,936 in February 2024, up 4.9% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $275K | +14.6% |
2 Bedrooms | $404K | $420K | +4.0% |
3 Bedrooms | $510K | $540K | +5.9% |
4 Bedrooms | $572.9K | $600K | +4.7% |
5+ Bedrooms | $605K | $630K | +4.1% |
Summary: Islip housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Islandia | $480K | $550K | +14.6% |
Smithtown | $641.5K | $680.7K | +6.1% |
Islip | $528.8K | $554.9K | +4.9% |
Housing Supply in Islip, NY
How many homes are available in Islip, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
819 | 815 | -0.5% |
Summary: The Islip real estate market had 815 homes for sale in February 2024, a 0.5% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 30 | +30.4% |
2 Bedrooms | 92 | 95 | +3.3% |
3 Bedrooms | 285 | 277 | -2.8% |
4 Bedrooms | 250 | 243 | -2.8% |
5+ Bedrooms | 169 | 170 | +0.6% |
Summary: The Islip housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 0.6%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
166 | 125 | -24.7% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
69 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Islip in February 2024, down by 24.7% month-over-month. Of the 125 sold homes, 34% were sold under asking, 10% were sold at asking, and 55% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
62 Days | 42 Days | -31.7% |
Summary: Homes in Islip had an average of 42 days on market in Feb 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During February 2024, 125 homes were sold in Islip; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.