Is Islip, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2020 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | $182.5K | $205K | +12.3% |
| 2 Bedrooms | $325K | $375K | +15.4% |
| 3 Bedrooms | $406.6K | $459.9K | +13.1% |
| 4 Bedrooms | $454K | $530K | +16.7% |
| 5+ Bedrooms | $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 2021 | Dec 2021 | % |
|---|---|---|
| 1,548 | 1,410 | -8.9% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2021 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | 56 | 56 | 0.0% |
| 2 Bedrooms | 177 | 157 | -11.3% |
| 3 Bedrooms | 506 | 441 | -12.8% |
| 4 Bedrooms | 507 | 471 | -7.1% |
| 5+ Bedrooms | 302 | 285 | -5.6% |
Number of Homes Sold
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 262 | 276 | +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
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 2020 | Dec 2021 | % |
|---|---|---|
| 43 Days | 37 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
Key Takeaway
Many homes in Islip are selling fast, if you're buying plan to act quickly.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 