Is Medford, 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, Medford was a Neutral Market.
Housing Prices in Medford, NY
How much do homes in Medford, NY cost?
Median Sold Price
$500,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Medford was $500,000 in March 2024, up 8.7% 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 | $300K | $297.5K | -0.8% |
2 Bedrooms | $344.5K | $370K | +7.4% |
3 Bedrooms | $445K | $480K | +7.9% |
4 Bedrooms | $520K | $555K | +6.7% |
5+ Bedrooms | $545K | $550K | +0.9% |
Summary: Medford housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
Yaphank | $402.6K | $527.5K | +31.0% |
Medford | $460K | $500K | +8.7% |
Gordon Heights | $415K | $450K | +8.4% |
Town of Brookhaven | $469.9K | $500.1K | +6.4% |
Farmingville | $500K | $525K | +5.0% |
Housing Supply in Medford, NY
How many homes are available in Medford, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
85 | 86 | +1.2% |
Summary: The Medford real estate market had 86 homes for sale in March 2024, a 1.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 29 | 33 | +13.8% |
4 Bedrooms | 28 | 26 | -7.1% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Medford housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Medford in March 2024, the same as the previous month. Of the 15 sold homes, 20% were sold under asking, 13% were sold at asking, and 67% were sold over asking.
Days on Market for Medford, NY
How long does it take to sell a home in Medford, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 48 Days | -1.2% |
Summary: Homes in Medford had an average of 48 days on market in Mar 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Medford; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.