Is Oyster Bay, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oyster Bay has remained a Neutral Market.
Key Takeaway
Oyster Bay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oyster Bay, NY
How much do homes in Oyster Bay, NY cost?
Median Sold Price
$760,950
$434/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oyster Bay have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Oyster Bay was $760,950 in March 2024, up 5.2% from last year, and the median price per square foot was $434.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.5K | $280K | +2.8% |
| 2 Bedrooms | $567K | $595K | +4.9% |
| 3 Bedrooms | $663.9K | $700.8K | +5.6% |
| 4 Bedrooms | $749.7K | $779K | +3.9% |
| 5+ Bedrooms | $1.2M | $1.2M | +6.5% |
Summary: Oyster Bay housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Farmingdale | $561K | $610K | +8.7% |
| Farmingdale | $561K | $610K | +8.7% |
| Oyster Bay | $723.5K | $760.9K | +5.2% |
| Muttontown | $1.7M | $1.6M | -10.2% |
Housing Supply in Oyster Bay, NY
How many homes are available in Oyster Bay, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 966 | 1,055 | +9.2% |
Summary: The Oyster Bay real estate market had 1,055 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 24 | +33.3% |
| 2 Bedrooms | 50 | 62 | +24.0% |
| 3 Bedrooms | 266 | 265 | -0.4% |
| 4 Bedrooms | 300 | 336 | +12.0% |
| 5+ Bedrooms | 332 | 368 | +10.8% |
Summary: The Oyster Bay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 24%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 132 | 152 | +15.2% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oyster Bay, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 152 homes were sold or pending in Oyster Bay in March 2024, up by 15.2% month-over-month. Of the 152 sold homes, 47% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Oyster Bay, NY
How long does it take to sell a home in Oyster Bay, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 73 Days | +2.6% |
Summary: Homes in Oyster Bay had an average of 73 days on market in Mar 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oyster Bay are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 152 homes were sold in Oyster Bay; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally