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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oyster Bay Cove is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Oyster Bay Cove 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 Cove, NY

How much do homes in Oyster Bay Cove, NY cost?

Median Sold Price

$2,000,000

$427/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$210,000(+11.7%)

Key Takeaway

Homes in Oyster Bay Cove have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Oyster Bay Cove was $2,000,000 in February 2024, up 11.7% from last year, and the median price per square foot was $427.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $1.1M-
N/A
4 $1.1M$1.4M
+18.8%
5+ $2.1M$2.2M
+6.0%

Summary: Oyster Bay Cove housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Oyster Bay Cove
+11.7%
Laurel Hollow
+6.0%
Oyster Bay
+5.4%

Housing Supply in Oyster Bay Cove, NY

How many homes are available in Oyster Bay Cove, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
13130.0%

Summary: The Oyster Bay Cove real estate market had 13 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 44
0.0%
5+ 99
0.0%

Summary: The Oyster Bay Cove housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oyster Bay Cove, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Oyster Bay Cove in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Oyster Bay Cove, NY

How long does it take to sell a home in Oyster Bay Cove, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days35 Days-26.3%

Summary: Homes in Oyster Bay Cove had an average of 35 days on market in Feb 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 2 homes were sold in Oyster Bay Cove; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

Newest Listings in Oyster Bay Cove, NY

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