Is Syosset, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Syosset has remained a Buyer's Market.
Housing Prices in Syosset, NY
How much do homes in Syosset, NY cost?
Median Sold Price
$958,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Syosset was $958,000 in March 2024, up 4% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $710K | $775K | +9.2% |
3 Bedrooms | $822K | $900K | +9.5% |
4 Bedrooms | $900K | $930K | +3.3% |
5+ Bedrooms | $1.2M | $1.4M | +17.1% |
Summary: Syosset housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 17.1%.
Housing Supply in Syosset, NY
How many homes are available in Syosset, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 89 | +17.1% |
Summary: The Syosset real estate market had 89 homes for sale in March 2024, a 17.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 43 | 49 | +14.0% |
Summary: The Syosset housing inventory by bedroom type for March 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 13.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Syosset in March 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Syosset, NY
How long does it take to sell a home in Syosset, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 93 Days | +24.2% |
Summary: Homes in Syosset had an average of 93 days on market in Mar 2024, up by 24.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Syosset; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.