Is Mastic Beach, 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, Mastic Beach was a Seller's Market.
Housing Prices in Mastic Beach, NY
How much do homes in Mastic Beach, NY cost?
Median Sold Price
$389,900
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mastic Beach was $389,900 in March 2024, up 14.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $240K | +9.1% |
2 Bedrooms | $283K | $340K | +20.1% |
3 Bedrooms | $345K | $389.9K | +13.0% |
4 Bedrooms | $408.4K | $445K | +9.0% |
5+ Bedrooms | $425K | $449.5K | +5.8% |
Summary: Mastic Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
Mastic Beach | $340.5K | $389.9K | +14.5% |
Mastic | $404K | $445K | +10.1% |
Town of Brookhaven | $469.9K | $500.1K | +6.4% |
Shirley | $415K | $437K | +5.3% |
Housing Supply in Mastic Beach, NY
How many homes are available in Mastic Beach, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 92 | +13.6% |
Summary: The Mastic Beach real estate market had 92 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 35 | 41 | +17.1% |
4 Bedrooms | 22 | 25 | +13.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Mastic Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mastic Beach in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Mastic Beach, NY
How long does it take to sell a home in Mastic Beach, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
117 Days | 55 Days | -52.9% |
Summary: Homes in Mastic Beach had an average of 55 days on market in Mar 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Mastic Beach; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.