Is Remsenburg & Speonk, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Remsenburg & Speonk was a Buyer's Market.
Key Takeaway
Remsenburg & Speonk is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Remsenburg & Speonk, NY
How much do homes in Remsenburg & Speonk, NY cost?
Median Sold Price
$1,350,000
$577/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Remsenburg & Speonk have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Remsenburg & Speonk was $1,350,000 in April 2024, up 5.9% from last year, and the median price per square foot was $577.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $335K | $655K | +95.5% |
| 3 Bedrooms | $835K | $975K | +16.8% |
| 4 Bedrooms | $1.3M | $1.1M | -16.6% |
| 5+ Bedrooms | $2.4M | $3.4M | +41.7% |
Summary: Remsenburg & Speonk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 95.5%, 3 bedroom homes increased by 16.8%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes increased by 41.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Westhampton | $1.3M | $1.6M | +23.9% |
| Remsenburg & Speonk | $1.2M | $1.3M | +5.9% |
| Town of Southampton | $999.9K | $999K | -0.1% |
Housing Supply in Remsenburg & Speonk, NY
How many homes are available in Remsenburg & Speonk, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Summary: The Remsenburg & Speonk real estate market had 42 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Remsenburg & Speonk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Remsenburg & Speonk, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Remsenburg & Speonk in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Remsenburg & Speonk, NY
How long does it take to sell a home in Remsenburg & Speonk, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 184 Days | 298 Days | +61.8% |
Summary: Homes in Remsenburg & Speonk had an average of 298 days on market in Apr 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Remsenburg & Speonk are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Remsenburg & Speonk; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 83% 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.