Is Oyster Bay, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oyster Bay is a seller's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

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

How much do homes in Oyster Bay, NY cost?

Median Sold Price

$679,815

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$62,291(+10.1%)

Key Takeaway

Homes in Oyster Bay have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $235.2K$275K
+16.9%
2 $456K$515K
+12.9%
3 $565K$629.5K
+11.4%
4 $629.5K$693.2K
+10.1%
5+ $992.8K$997.6K
0.5%

Median Sold Price Compared To Nearby Cities

Farmingdale
+14.2%
Oyster Bay
+10.1%
Westbury
+6.0%
Muttontown
+3.1%

How many homes are available in Oyster Bay, NY?

Number of Homes For Sale

Nov 2021Dec 2021%
1,7931,641-8.5%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 2220
-9.1%
2 8687
+1.2%
3 534480
-10.1%
4 553494
-10.7%
5+ 598560
-6.4%

Number of Homes Sold

Nov 2021Dec 2021%
282290+2.8%

Asking Price vs. Sold Price

125 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

129 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oyster Bay, you could pay more than the asking price. 44.5% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
75 Days51 Days-31.1%

Breakdown of Home Sale Times

150 Homes Were Sold
Under 30 Days

95 Homes Were Sold
In 30 - 90 Days

45 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About Oyster Bay, NY

Homes for sale in Oyster Bay, NY have reached 1,641. The number of homes for sale in Oyster Bay, NY decreased by 8.5% between November 2021 and December 2021. While the average time on the market in December 2021 was 51 days, the median list price was $679,815. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 16.9% more expensive, 2 bedrooms properties prices increased by 12.9%, 3 bedrooms properties prices increased by 11.4%, the cost of 4 bedrooms properties went up by 10.1%, 5 bedrooms properties prices increased by 0.5%. Volume of homes for sale changed: 1 bedroom homes became 9.1% less available, volume of 2 bedrooms homes went up by 1.2%, number of 3 bedrooms homes decreased by 10.1%, number of 4 bedrooms homes decreased by 10.7%, 5 bedrooms homes inventory decreased by 6.4%. Oyster Bay, NY housing market in December 2021 saw over 129 listings sold above listed price, more than 36 sold at listed price and over 125 sold below.

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