Is Shelter Island, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shelter Island is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Shelter Island was a Seller's Market.

Key Takeaway

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

How much do homes in Shelter Island, NY cost?

Median Sold Price

$1,250,000

$581/sqft

Based on all homes sold in November 2022.

Difference Since Last Month

-$650,000(-34.2%)

Key Takeaway

Homes in Shelter Island have sold for 34.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSOct 2022Nov 2022%
1 --
N/A
2 $975K-
N/A
3 $2.3M$1.2M
-46.2%
4 $1.7M-
N/A
5+ --
N/A

How many homes are available in Shelter Island, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
2118-14.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 87
-12.5%
4 64
-33.3%
5+ 44
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
51-80.0%

Asking Price vs. Sold Price

1 Home Was 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 Shelter Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2022Nov 2022%
210 Days21 Days-90.0%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shelter Island are selling fast, if you're buying plan to act quickly.

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

About Shelter Island, NY

There are 18 homes are for sale in Shelter Island, NY real estate market. In November 2022 in Shelter Island, NY there were 14.3% less homes for sale than in October 2022. In November 2022 median list price was $1,250,000 and the average listing age was 21 days. Real estate listing prices changed between November 2021 and November 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties went down by 46.2%, the cost of 4 bedrooms properties went up by 0%, 5 bedrooms properties became 0% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went down by 12.5%, 4 bedrooms homes inventory decreased by 33.3%, volume of 5 bedrooms homes stayed the same. In November 2022, from all listings sold in Shelter Island, NY there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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