Is The Setaukets, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, The Setaukets has remained a Buyer's Market.
Key Takeaway
The Setaukets is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Setaukets, NY
How much do homes in The Setaukets, NY cost?
Median Sold Price
$656,500
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Setaukets have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in The Setaukets was $656,500 in April 2024, up 1.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166K | $190K | +14.5% |
| 2 Bedrooms | $487.5K | $387.5K | -20.5% |
| 3 Bedrooms | $598K | $620K | +3.7% |
| 4 Bedrooms | $693K | $750K | +8.2% |
| 5+ Bedrooms | $790K | $850K | +7.6% |
Summary: The Setaukets housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Port Jefferson Station | $500K | $535K | +7.0% |
| Terryville | $500K | $532.5K | +6.5% |
| Stony Brook | $624K | $650K | +4.2% |
| The Setaukets | $645K | $656.5K | +1.8% |
Housing Supply in The Setaukets, NY
How many homes are available in The Setaukets, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 85 | +23.2% |
Summary: The The Setaukets real estate market had 85 homes for sale in April 2024, a 23.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 29 | 37 | +27.6% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The The Setaukets housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Setaukets, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in The Setaukets in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 8% were sold at asking, and 42% were sold over asking.
Days on Market for The Setaukets, NY
How long does it take to sell a home in The Setaukets, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 38 Days | -8.4% |
Summary: Homes in The Setaukets had an average of 38 days on market in Apr 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Setaukets are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in The Setaukets; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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.