Is Patchogue, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Patchogue was a Seller's Market.
Housing Prices in Patchogue, NY
How much do homes in Patchogue, NY cost?
Median Sold Price
$520,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Patchogue was $520,000 in June 2024, up 13% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $230K | 0.0% |
2 Bedrooms | $382.5K | $460K | +20.3% |
3 Bedrooms | $485K | $531K | +9.5% |
4 Bedrooms | $560K | $597.5K | +6.7% |
5+ Bedrooms | $505K | $580K | +14.9% |
Summary: Patchogue housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
Patchogue | $460K | $520K | +13.0% |
Brookhaven | $474.3K | $523.1K | +10.3% |
Housing Supply in Patchogue, NY
How many homes are available in Patchogue, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
139 | 134 | -3.6% |
Summary: The Patchogue real estate market had 134 homes for sale in June 2024, a 3.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 12 | -20.0% |
2 Bedrooms | 29 | 31 | +6.9% |
3 Bedrooms | 48 | 47 | -2.1% |
4 Bedrooms | 41 | 37 | -9.8% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Patchogue housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
30 | 19 | -36.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Patchogue in June 2024, down by 36.7% month-over-month. Of the 19 sold homes, 11% were sold under asking, 5% were sold at asking, and 84% were sold over asking.
Days on Market for Patchogue, NY
How long does it take to sell a home in Patchogue, NY?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
40 Days | 25 Days | -37.9% |
Summary: Homes in Patchogue had an average of 25 days on market in Jun 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Patchogue; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.