Is Stony Brook, 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, Stony Brook was a Neutral Market.
Housing Prices in Stony Brook, NY
How much do homes in Stony Brook, NY cost?
Median Sold Price
$650,000
$314/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Stony Brook was $650,000 in April 2024, up 4.2% from last year, and the median price per square foot was $314.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $319.5K | $308K | -3.6% |
2 Bedrooms | $435K | $449K | +3.2% |
3 Bedrooms | $582.5K | $637.5K | +9.4% |
4 Bedrooms | $655K | $705K | +7.6% |
5+ Bedrooms | $691.5K | $760K | +9.9% |
Summary: Stony Brook housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Neighborhoods
Town of Smithtown | $645K | $684.3K | +6.1% |
Stony Brook | $624K | $650K | +4.2% |
The Setaukets | $645K | $656.5K | +1.8% |
Saint James | $575K | $585K | +1.7% |
Housing Supply in Stony Brook, NY
How many homes are available in Stony Brook, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 74 | +17.5% |
Summary: The Stony Brook real estate market had 74 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Stony Brook housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 16 | +166.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Stony Brook in April 2024, up by 166.7% month-over-month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for Stony Brook, NY
How long does it take to sell a home in Stony Brook, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 81 Days | +155.3% |
Summary: Homes in Stony Brook had an average of 81 days on market in Apr 2024, up by 155.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Stony Brook; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.