Is Miller Place, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Miller Place has remained a Seller's Market.
Key Takeaway
Miller Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Miller Place, NY
How much do homes in Miller Place, NY cost?
Median Sold Price
$621,250
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Miller Place have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Miller Place was $621,250 in March 2024, up 6.8% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $240K | +20.0% |
| 2 Bedrooms | $470K | $520K | +10.6% |
| 3 Bedrooms | $533.5K | $576.5K | +8.1% |
| 4 Bedrooms | $640K | $669.5K | +4.6% |
| 5+ Bedrooms | $768.7K | $747K | -2.8% |
Summary: Miller Place housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Rocky Point | $415K | $480K | +15.7% |
| Sound Beach | $410K | $450K | +9.8% |
| Miller Place | $581.5K | $621.2K | +6.8% |
| Mount Sinai | $606K | $630K | +4.0% |
| Coram | $420K | $435K | +3.6% |
Housing Supply in Miller Place, NY
How many homes are available in Miller Place, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The Miller Place real estate market had 37 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Miller Place 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 20%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miller Place, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Miller Place in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.
Days on Market for Miller Place, NY
How long does it take to sell a home in Miller Place, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 46 Days | -3.0% |
Summary: Homes in Miller Place had an average of 46 days on market in Mar 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Miller Place are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Miller Place; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.