Is Port Jefferson, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Port Jefferson was a Seller's Market.
Housing Prices in Port Jefferson, NY
How much do homes in Port Jefferson, NY cost?
Median Sold Price
$665,000
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Port Jefferson was $665,000 in March 2024, up 4.7% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $460.5K | - | N/A |
2 Bedrooms | $433K | $489.5K | +13.0% |
3 Bedrooms | $615K | $657.5K | +6.9% |
4 Bedrooms | $725K | $721.2K | -0.5% |
5+ Bedrooms | $678K | $947.5K | +39.7% |
Summary: Port Jefferson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 39.7%.
Median Sold Price Compared To Nearby Cities
Brookhaven | $469.9K | $503.3K | +7.1% |
Port Jefferson | $635K | $665K | +4.7% |
East Setauket | $679K | $699.5K | +3.0% |
Housing Supply in Port Jefferson, NY
How many homes are available in Port Jefferson, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Port Jefferson real estate market had 47 homes for sale in March 2024, a 2.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Port Jefferson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 4 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Port Jefferson in March 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 130 Days | +59.0% |
Summary: Homes in Port Jefferson had an average of 130 days on market in Mar 2024, up by 59% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Port Jefferson; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.