Is Middle Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Middle Island has remained a Neutral Market.
Key Takeaway
Middle Island is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Middle Island, NY
How much do homes in Middle Island, NY cost?
Median Sold Price
$386,500
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Middle Island have sold for 18.9% more than they did a year ago.
Summary: The median home sold price in Middle Island was $386,500 in April 2024, up 18.9% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.9K | $170K | -2.9% |
| 2 Bedrooms | $280K | $315K | +12.5% |
| 3 Bedrooms | $425K | $467K | +9.9% |
| 4 Bedrooms | $565K | $560K | -0.9% |
| 5+ Bedrooms | $552.5K | $623.8K | +12.9% |
Summary: Middle Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Yaphank | $402.6K | $527.5K | +31.0% |
| Middle Island | $325K | $386.5K | +18.9% |
| Gordon Heights | $415K | $456.2K | +9.9% |
| Coram | $424.7K | $447.4K | +5.4% |
| Ridge | $398K | $400K | 0.5% |
Housing Supply in Middle Island, NY
How many homes are available in Middle Island, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 67 | -2.9% |
Summary: The Middle Island real estate market had 67 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 21 | 18 | -14.3% |
| 4 Bedrooms | 12 | 11 | -8.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Middle Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Middle Island, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Middle Island in April 2024, down by 21.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Middle Island, NY
How long does it take to sell a home in Middle Island, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 41 Days | -24.3% |
Summary: Homes in Middle Island had an average of 41 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Middle Island are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Middle Island; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.