Is Quogue, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Quogue is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Quogue was a Neutral Market.

Key Takeaway

Quogue is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Quogue, NY

How much do homes in Quogue, NY cost?

Median Sold Price

$2,300,000

$678/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$350,000(-13.2%)

Key Takeaway

Homes in Quogue have sold for 13.2% less than they did a year ago.

Summary: The median home sold price in Quogue was $2,300,000 in February 2024, down 13.2% from last year, and the median price per square foot was $678.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $1.2M-
N/A
2 $2.4M-
N/A
3 $1.5M$1.5M
0.0%
4 $2.0M$2.1M
+2.4%
5+ $5.2M$2.9M
-42.8%

Summary: Quogue housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 42.8%.

Housing Supply in Quogue, NY

How many homes are available in Quogue, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3537+5.7%

Summary: The Quogue real estate market had 37 homes for sale in February 2024, a 5.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 45
+25.0%
4 1312
-7.7%
5+ 1820
+11.1%

Summary: The Quogue housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Quogue, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Quogue in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Quogue, NY

How long does it take to sell a home in Quogue, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
399 Days105 Days-73.6%

Summary: Homes in Quogue had an average of 105 days on market in Feb 2024, down by 73.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Quogue are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 2 homes were sold in Quogue; 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.

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

Report Updated 1 Day Ago

Newest Listings in Quogue, NY

Nearby Markets to Quogue, NY