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 buyer's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

Oyster Bay Cove 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 Cove, NY cost?

Median Sold Price

$1,865,000

$383/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$133,000(+7.7%)

Key Takeaway

Homes in Oyster Bay Cove have sold for 7.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $1.0M-
N/A
3 $1.4M$1.2M
-17.2%
4 $1.3M$1.2M
-5.7%
5+ $1.8M$2.1M
+13.5%

Median Sold Price Compared To Nearby Cities

Laurel Hollow
+8.7%
Oyster Bay Cove
+7.7%
Oyster Bay
+6.0%

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

Number of Homes For Sale

Nov 2022Dec 2022%
2934+17.2%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 34
+33.3%
5+ 2529
+16.0%

Number of Homes Sold

Nov 2022Dec 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was 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.

Average Sale Time

Dec 2021Dec 2022%
43 Days123 Days+182.8%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Oyster Bay Cove are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Oyster Bay Cove, NY

Oyster Bay Cove, NY has 34 homes on the market. Between November 2022 and December 2022, Oyster Bay Cove, NY real estate market has seen increase in the number of listings by 17.2%. Listings spent 123 days on the market in December 2022, and had a median list price of $1,865,000 during the same period. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 0%, prices of 3 bedrooms properties went down by 17.2%, prices of 4 bedrooms properties decreased by 5.7%, 5 bedrooms properties prices increased by 13.5%. This housing market inventory have changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes have not changed, the quantity of 4 bedrooms homes went up by 33.3%, number of 5 bedrooms homes increased by 16%. In December 2022, from all listings sold in Oyster Bay Cove, NY there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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