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 buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Oyster Bay was a Seller's Market.

Key Takeaway

Oyster Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Oyster Bay, NY cost?

Median Sold Price

$719,726

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$44,576(+6.6%)

Key Takeaway

Homes in Oyster Bay have sold for 6.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $276K$270K
-2.2%
2 $510K$565K
+10.8%
3 $626.2K$655.5K
+4.7%
4 $686.6K$749.6K
+9.2%
5+ $991.1K$1.2M
+21.1%

Median Sold Price Compared To Nearby Cities

Muttontown
+7.0%
Oyster Bay
+6.6%
Farmingdale
+3.5%
Farmingdale
-7.7%

How many homes are available in Oyster Bay, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
1,1781,149-2.5%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 2323
0.0%
2 4849
+2.1%
3 318299
-6.0%
4 399370
-7.3%
5+ 390408
+4.6%

Number of Homes Sold

Dec 2022Jan 2023%
209151-27.8%

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oyster Bay, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
58 Days57 Days-1.4%

Breakdown of Home Sale Times

80 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

34 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.

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

About Oyster Bay, NY

Number of homes for sale in Oyster Bay, NY real estate market have reached 1,149. In January 2023 in Oyster Bay, NY there were 2.5% less homes for sale than in December 2022. In January 2023, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $719,726. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties became 2.2% more cheaper, prices of 2 bedrooms properties increased by 10.8%, prices of 3 bedrooms properties went up by 4.7%, the cost of 4 bedrooms properties went up by 9.2%, 5 bedrooms properties prices increased by 21.1%. This housing market inventory have changed: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 2.1%, 3 bedrooms homes inventory decreased by 6%, volume of 4 bedrooms homes went down by 7.3%, volume of 5 bedrooms homes went up by 4.6%. While more than 43 listings in Oyster Bay, NY in January 2023 were sold above asking price, there were more than 19 listings sold at asking price, and more than 89 were sold below.

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