Is Town of Oyster Bay, 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, Town of Oyster Bay has remained a Neutral Market.
Housing Prices in Town of Oyster Bay, NY
How much do homes in Town of Oyster Bay, NY cost?
Median Sold Price
$764,920
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Town of Oyster Bay was $764,920 in March 2024, up 5.9% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $280K | +1.8% |
2 Bedrooms | $571.2K | $608K | +6.4% |
3 Bedrooms | $665K | $704.3K | +5.9% |
4 Bedrooms | $748.4K | $779K | +4.1% |
5+ Bedrooms | $1.2M | $1.2M | +6.3% |
Summary: Town of Oyster Bay housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Neighborhoods
Town of Oyster Bay | $722.3K | $764.9K | +5.9% |
Hicksville | $640K | $669.5K | +4.6% |
Bethpage | $652.5K | $675K | +3.4% |
Levittown | $600K | $620K | +3.3% |
Plainview | $801K | $822.1K | +2.6% |
Housing Supply in Town of Oyster Bay, NY
How many homes are available in Town of Oyster Bay, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
970 | 1,058 | +9.1% |
Summary: The Town of Oyster Bay real estate market had 1,058 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 24 | +33.3% |
2 Bedrooms | 56 | 69 | +23.2% |
3 Bedrooms | 268 | 265 | -1.1% |
4 Bedrooms | 298 | 334 | +12.1% |
5+ Bedrooms | 330 | 366 | +10.9% |
Summary: The Town of Oyster Bay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 23.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
133 | 153 | +15.0% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Summary: A total of 153 homes were sold or pending in Town of Oyster Bay in March 2024, up by 15.0% month-over-month. Of the 153 sold homes, 47% were sold under asking, 8% were sold at asking, and 44% were sold over asking.
Days on Market for Town of Oyster Bay, NY
How long does it take to sell a home in Town of Oyster Bay, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 72 Days | +1.4% |
Summary: Homes in Town of Oyster Bay had an average of 72 days on market in Mar 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During March 2024, 153 homes were sold in Town of Oyster Bay; 50% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.