Is Port Jefferson, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Jefferson is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Port Jefferson has remained a Seller's Market.

Key Takeaway

Port Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Port Jefferson, NY cost?

Median Sold Price

$590,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$27,500(+4.9%)

Key Takeaway

Homes in Port Jefferson have sold for 4.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $339K$330K
-2.7%
2 $400K$427.5K
+6.9%
3 $555K$599K
+7.9%
4 $645K$685K
+6.2%
5+ $750K$674K
-10.1%

Median Sold Price Compared To Nearby Cities

Poquott
+24.2%
Brookhaven
+9.4%
East Setauket
+5.7%
Port Jefferson
+4.9%

How many homes are available in Port Jefferson, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
47470.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 87
-12.5%
3 1314
+7.7%
4 1518
+20.0%
5+ 107
-30.0%

Number of Homes Sold

Sep 2022Oct 2022%
119-18.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Jefferson, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
37 Days51 Days+36.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Port Jefferson has remained consistent over time.

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

About Port Jefferson, NY

Port Jefferson, NY has 47 homes on the market. Listings spent 51 days on the market in October 2022, and had a median list price of $590,000 during the same period. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties decreased by 2.7%, 2 bedrooms properties prices increased by 6.9%, the cost of 3 bedrooms properties went up by 7.9%, the cost of 4 bedrooms properties went up by 6.2%, 5 bedrooms properties prices decreased by 10.1%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 12.5%, volume of 3 bedrooms homes went up by 7.7%, the quantity of 4 bedrooms homes went up by 20%, number of 5 bedrooms homes decreased by 30%. While more than 1 listings in Port Jefferson, NY in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below.

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