Is Town of Islip, 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, Town of Islip was a Seller's Market.
Housing Prices in Town of Islip, NY
How much do homes in Town of Islip, NY cost?
Median Sold Price
$562,019
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Town of Islip was $562,019 in April 2024, up 6% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $275K | +14.6% |
2 Bedrooms | $409.2K | $420K | +2.6% |
3 Bedrooms | $510K | $547.3K | +7.3% |
4 Bedrooms | $577K | $605K | +4.9% |
5+ Bedrooms | $600.7K | $645K | +7.4% |
Summary: Town of Islip housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Neighborhoods
Great River | $725.5K | $817.5K | +12.7% |
East Islip | $580K | $630K | +8.6% |
Town of Islip | $530K | $562K | +6.0% |
Bay Shore | $515K | $531.6K | +3.2% |
Housing Supply in Town of Islip, NY
How many homes are available in Town of Islip, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
869 | 965 | +11.0% |
Summary: The Town of Islip real estate market had 965 homes for sale in April 2024, a 11.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 38 | +15.2% |
2 Bedrooms | 101 | 105 | +4.0% |
3 Bedrooms | 307 | 325 | +5.9% |
4 Bedrooms | 255 | 296 | +16.1% |
5+ Bedrooms | 173 | 201 | +16.2% |
Summary: The Town of Islip housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
120 | 128 | +6.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Summary: A total of 128 homes were sold or pending in Town of Islip in April 2024, up by 6.7% month-over-month. Of the 128 sold homes, 25% were sold under asking, 13% were sold at asking, and 62% were sold over asking.
Days on Market for Town of Islip, NY
How long does it take to sell a home in Town of Islip, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 41 Days | -23.0% |
Summary: Homes in Town of Islip had an average of 41 days on market in Apr 2024, down by 23% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 128 homes were sold in Town of Islip; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.