Is Muttontown, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Muttontown is a buyer's market

Buyer's
Market

Difference Since November 2021

Since last year, Muttontown has remained a Buyer's Market.

Key Takeaway

Muttontown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Muttontown, NY cost?

Median Sold Price

$1,812,500

$421/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$220,112(+13.8%)

Key Takeaway

Homes in Muttontown have sold for 13.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 --
N/A
3 -$1.4M
N/A
4 $1.4M$1.5M
+3.0%
5+ $1.6M$1.8M
+13.6%

Median Sold Price Compared To Nearby Cities

Upper Brookville
+15.8%
Muttontown
+13.8%
Oyster Bay
+7.1%

How many homes are available in Muttontown, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
3736-2.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 77
0.0%
5+ 2625
-3.8%

Number of Homes Sold

Oct 2022Nov 2022%
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Nov 2021Nov 2022%
174 Days179 Days+3.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Muttontown are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Muttontown, NY

Homes for sale in Muttontown, NY have reached 36. Between October 2022 and November 2022, Muttontown, NY real estate market has seen decrease in the number of listings by 2.7%. While the average time on the market in November 2022 was 179 days, the median list price was $1,812,500. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 0%, 3 bedrooms properties became 0% more expensive, prices of 4 bedrooms properties went up by 3%, 5 bedrooms properties became 13.6% more expensive. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes did not move, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes went down by 3.8%. In November 2022, from all listings sold in Muttontown, NY there were more than 0 sold above asking price, over 3 sold below and more than 1 were sold right at the asked price.

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