Is Patchogue, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$496,666
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Patchogue was $496,666 in February 2024, up 9.2% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217K | $235K | +8.3% |
2 Bedrooms | $415K | $430K | +3.6% |
3 Bedrooms | $470K | $515K | +9.6% |
4 Bedrooms | $542.5K | $565K | +4.1% |
5+ Bedrooms | $535K | $580K | +8.4% |
Summary: Patchogue housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Patchogue | $455K | $496.6K | +9.2% |
Brookhaven | $469.9K | $500K | +6.4% |
Housing Supply in Patchogue, NY
How many homes are available in Patchogue, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
93 | 105 | +12.9% |
Summary: The Patchogue real estate market had 105 homes for sale in February 2024, a 12.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 17 | 20 | +17.6% |
3 Bedrooms | 36 | 40 | +11.1% |
4 Bedrooms | 22 | 28 | +27.3% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The Patchogue housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Patchogue in February 2024, down by 38.9% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
33 Days | 29 Days | -10.8% |
Summary: Homes in Patchogue had an average of 29 days on market in Feb 2024, down by 10.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in Patchogue; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.