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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northport is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Northport has remained a Seller's Market.

Key Takeaway

Northport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Northport, NY cost?

Median Sold Price

$781,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$78,500(+11.2%)

Key Takeaway

Homes in Northport have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$506K
N/A
2 $565K$750K
+32.7%
3 $645K$779K
+20.8%
4 $794K$791K
-0.4%
5+ $985K$1.2M
+21.8%

Median Sold Price Compared To Nearby Cities

Northport
+11.2%
Huntington
+7.3%

How many homes are available in Northport, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
3539+11.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 11
0.0%
3 1113
+18.2%
4 1415
+7.1%
5+ 910
+11.1%

Number of Homes Sold

Sep 2022Oct 2022%
18+700.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northport, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
24 Days28 Days+16.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northport are selling fast, if you're buying plan to act quickly.

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

About Northport, NY

Northport, NY has 39 homes for sale to choose from. The number of homes for sale in Northport, NY increased by 11.4% between September 2022 and October 2022. While the average time on the market in October 2022 was 28 days, the median list price was $781,000. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties prices increased by 32.7%, prices of 3 bedrooms properties increased by 20.8%, the cost of 4 bedrooms properties went down by 0.4%, 5 bedrooms properties prices increased by 21.8%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes did not move, 3 bedrooms homes inventory increased by 18.2%, 4 bedrooms homes inventory increased by 7.1%, number of 5 bedrooms homes increased by 11.1%. In October 2022, from all listings sold in Northport, NY there were more than 5 sold above asking price, over 2 sold below and more than 1 were sold right at the asked price.

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