Is Oyster Bay, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | Dec 2020 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | $235.2K | $275K | +16.9% |
| 2 Bedrooms | $456K | $515K | +12.9% |
| 3 Bedrooms | $565K | $629.5K | +11.4% |
| 4 Bedrooms | $629.5K | $693.2K | +10.1% |
| 5+ Bedrooms | $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 2021 | Dec 2021 | % |
|---|---|---|
| 1,793 | 1,641 | -8.5% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2021 | Dec 2021 | % |
|---|---|---|---|
| 1 Bedroom | 22 | 20 | -9.1% |
| 2 Bedrooms | 86 | 87 | +1.2%  |
| 3 Bedrooms | 534 | 480 | -10.1% |
| 4 Bedrooms | 553 | 494 | -10.7% |
| 5+ Bedrooms | 598 | 560 | -6.4% |
Number of Homes Sold
| Nov 2021 | Dec 2021 | % |
|---|---|---|
| 282 | 290 | +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
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 2020 | Dec 2021 | % |
|---|---|---|
| 75 Days | 51 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
Key Takeaway
Many homes in Oyster Bay are selling fast, if you're buying plan to act quickly.
