Is Mount Sinai, 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, Mount Sinai has remained a Buyer's Market.
Key Takeaway
Mount Sinai is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mount Sinai, NY
How much do homes in Mount Sinai, NY cost?
Median Sold Price
$628,500
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mount Sinai have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Mount Sinai was $628,500 in April 2024, up 3.9% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.2K | $330.7K | +87.6% |
| 2 Bedrooms | $500K | $550K | +10.0% |
| 3 Bedrooms | $620.6K | $645K | +3.9% |
| 4 Bedrooms | $632.5K | $710K | +12.3% |
| 5+ Bedrooms | $857.5K | $920K | +7.3% |
Summary: Mount Sinai housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 87.6%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Town of Brookhaven | $470.6K | $506.9K | +7.7% |
| Port Jefferson Station | $500K | $535K | +7.0% |
| Coram | $424.7K | $447.4K | +5.4% |
| Miller Place | $585K | $612.5K | +4.7% |
| Mount Sinai | $605K | $628.5K | +3.9% |
Housing Supply in Mount Sinai, NY
How many homes are available in Mount Sinai, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 56 | +9.8% |
Summary: The Mount Sinai real estate market had 56 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Mount Sinai housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Sinai, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Sinai in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Mount Sinai, NY
How long does it take to sell a home in Mount Sinai, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 48 Days | +9.6% |
Summary: Homes in Mount Sinai had an average of 48 days on market in Apr 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Sinai has remained consistent over time.
Summary: During April 2024, 7 homes were sold in Mount Sinai; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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.