Is West 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, West Islip was a Seller's Market.
Housing Prices in West Islip, NY
How much do homes in West Islip, NY cost?
Median Sold Price
$649,990
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Islip was $649,990 in April 2024, up 6.3% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $385K | N/A |
2 Bedrooms | $477K | $445K | -6.7% |
3 Bedrooms | $561.2K | $590.4K | +5.2% |
4 Bedrooms | $630K | $672.5K | +6.7% |
5+ Bedrooms | $745K | $810K | +8.7% |
Summary: West Islip housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Neighborhoods
North Babylon | $527.5K | $565K | +7.1% |
West Islip | $611.2K | $649.9K | +6.3% |
Bay Shore | $515K | $531.6K | +3.2% |
Housing Supply in West Islip, NY
How many homes are available in West Islip, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 111 | +22.0% |
Summary: The West Islip real estate market had 111 homes for sale in April 2024, a 22.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 41 | 54 | +31.7% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The West Islip housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in West Islip in April 2024, up by 7.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for West Islip, NY
How long does it take to sell a home in West Islip, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 26 Days | -28.2% |
Summary: Homes in West Islip had an average of 26 days on market in Apr 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in West Islip; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.