Is Yaphank, 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, Yaphank has remained a Seller's Market.
Key Takeaway
Yaphank is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yaphank, NY
How much do homes in Yaphank, NY cost?
Median Sold Price
$527,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Yaphank have sold for 31% more than they did a year ago.
Summary: The median home sold price in Yaphank was $527,500 in April 2024, up 31% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | - | N/A |
| 2 Bedrooms | $359K | $415K | +15.6% |
| 3 Bedrooms | $450K | $430K | -4.4% |
| 4 Bedrooms | $645K | $646.5K | 0.2% |
| 5+ Bedrooms | $600K | $750K | +25.0% |
Summary: Yaphank 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 increased by 15.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Neighborhoods
| Yaphank | $402.6K | $527.5K | +31.0% |
| Middle Island | $325K | $386.5K | +18.9% |
| Gordon Heights | $415K | $456.2K | +9.9% |
| Town of Brookhaven | $470.6K | $506.9K | +7.7% |
Housing Supply in Yaphank, NY
How many homes are available in Yaphank, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 32 | +28.0% |
Summary: The Yaphank real estate market had 32 homes for sale in April 2024, a 28.0% 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 | 9 | 11 | +22.2% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Yaphank 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 22.2%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yaphank, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Yaphank in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Yaphank, NY
How long does it take to sell a home in Yaphank, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 25 Days | +35.3% |
Summary: Homes in Yaphank had an average of 25 days on market in Apr 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Yaphank are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Yaphank; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.