Is Port Jefferson, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Port Jefferson was a Seller's Market.
Key Takeaway
Port Jefferson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Jefferson, NY
How much do homes in Port Jefferson, NY cost?
Median Sold Price
$650,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Port Jefferson have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Port Jefferson was $650,000 in November 2023, up 5.3% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332K | - | N/A |
| 2 Bedrooms | $430K | $470K | +9.3% |
| 3 Bedrooms | $600K | $645K | +7.5% |
| 4 Bedrooms | $680K | $725K | +6.6% |
| 5+ Bedrooms | $785K | $920K | +17.2% |
Summary: Port Jefferson housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Cities
| East Setauket | $660K | $700K | +6.1% |
| Port Jefferson | $617.5K | $650K | +5.3% |
| Brookhaven | $468.6K | $485K | +3.5% |
Housing Supply in Port Jefferson, NY
How many homes are available in Port Jefferson, NY?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 36 | 40 | +11.1% |
Summary: The Port Jefferson real estate market had 40 homes for sale in November 2023, a 11.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Port Jefferson housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Jefferson, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Port Jefferson in November 2023, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Port Jefferson, NY
How long does it take to sell a home in Port Jefferson, NY?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 48 Days | 94 Days | +96.2% |
Summary: Homes in Port Jefferson had an average of 94 days on market in Nov 2023, up by 96.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Port Jefferson has remained consistent over time.
Summary: During November 2023, 5 homes were sold in Port Jefferson; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.