Is Muttontown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Muttontown was a Neutral Market.
Key Takeaway
Muttontown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Muttontown, NY
How much do homes in Muttontown, NY cost?
Median Sold Price
$2,075,000
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Muttontown have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Muttontown was $2,075,000 in November 2023, up 14.5% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.4M | $1.2M | -13.6% |
| 4 Bedrooms | $1.5M | $1.6M | +10.7% |
| 5+ Bedrooms | $1.8M | $2.3M | +25.4% |
Summary: Muttontown housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 25.4%.
Median Sold Price Compared To Nearby Cities
| Muttontown | $1.8M | $2.0M | +14.5% |
| Upper Brookville | $2.1M | $2.2M | +5.6% |
| Oyster Bay | $714.9K | $749.5K | +4.8% |
Housing Supply in Muttontown, NY
How many homes are available in Muttontown, NY?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Muttontown real estate market had 34 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Muttontown housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muttontown, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Muttontown in November 2023, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Muttontown, NY
How long does it take to sell a home in Muttontown, NY?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 179 Days | 39 Days | -78.0% |
Summary: Homes in Muttontown had an average of 39 days on market in Nov 2023, down by 78% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muttontown are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 4 homes were sold in Muttontown; 50% of homes were sold within 30 days, 50% 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.