Is Suffolk County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Suffolk County was a Seller's Market.
Key Takeaway
Suffolk County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Suffolk County, NY
How much do homes in Suffolk County, NY cost?
Median Sold Price
$579,787
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Suffolk County have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Suffolk County was $579,787 in March 2024, up 5.4% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $260K | +10.6% |
| 2 Bedrooms | $410K | $430K | +4.9% |
| 3 Bedrooms | $520.9K | $550K | +5.6% |
| 4 Bedrooms | $610.8K | $650K | +6.4% |
| 5+ Bedrooms | $698.2K | $733.4K | +5.0% |
Summary: Suffolk County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Counties
| Suffolk County | $549.9K | $579.7K | +5.4% |
| Nassau County | $679.8K | $706.4K | +3.9% |
Housing Supply in Suffolk County, NY
How many homes are available in Suffolk County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5,094 | 5,514 | +8.2% |
Summary: The Suffolk County real estate market had 5,514 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 162 | 170 | +4.9% |
| 2 Bedrooms | 687 | 761 | +10.8% |
| 3 Bedrooms | 1,670 | 1,746 | +4.6% |
| 4 Bedrooms | 1,618 | 1,783 | +10.2% |
| 5+ Bedrooms | 957 | 1,054 | +10.1% |
Summary: The Suffolk County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 10.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 723 | 703 | -2.8% |
Asking Price vs. Sold Price
275 Homes Were Sold
Under Asking
92 Homes Were Sold
At Asking
336 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suffolk County, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 703 homes were sold or pending in Suffolk County in March 2024, down by 2.8% month-over-month. Of the 703 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% were sold over asking.
Days on Market for Suffolk County, NY
How long does it take to sell a home in Suffolk County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 59 Days | -16.1% |
Summary: Homes in Suffolk County had an average of 59 days on market in Mar 2024, down by 16.1% compared to last year.
Breakdown of Home Sale Times
330 Homes Were Sold
Under 30 Days
233 Homes Were Sold
In 30 - 90 Days
140 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suffolk County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 703 homes were sold in Suffolk County; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally 
IDX Disclaimer/Disclosure: The data on this website relating to real estate for sale comes in part from the IDX Program of the Multiple Listing Service of the Elmira-Corning Regional Association of REALTORS®, Inc.