Is North Patchogue, 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, North Patchogue has remained a Seller's Market.
Housing Prices in North Patchogue, NY
How much do homes in North Patchogue, NY cost?
Median Sold Price
$520,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Patchogue was $520,000 in April 2024, up 15.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | - | N/A |
2 Bedrooms | $380K | $410K | +7.9% |
3 Bedrooms | $460K | $510K | +10.9% |
4 Bedrooms | $525K | $555K | +5.7% |
5+ Bedrooms | $462.5K | $567.5K | +22.7% |
Summary: North Patchogue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 22.7%.
Median Sold Price Compared To Nearby Neighborhoods
North Patchogue | $450K | $520K | +15.6% |
Holtsville | $500K | $545K | +9.0% |
East Patchogue | $499K | $530K | +6.2% |
Holbrook | $540K | $570K | +5.6% |
Blue Point | $630K | $650K | +3.2% |
Housing Supply in North Patchogue, NY
How many homes are available in North Patchogue, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The North Patchogue real estate market had 29 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The North Patchogue 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 remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in North Patchogue in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for North Patchogue, NY
How long does it take to sell a home in North Patchogue, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 80 Days | +186.5% |
Summary: Homes in North Patchogue had an average of 80 days on market in Apr 2024, up by 186.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in North Patchogue; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.