Is Freeport, 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, Freeport has remained a Buyer's Market.
Housing Prices in Freeport, NY
How much do homes in Freeport, NY cost?
Median Sold Price
$525,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Freeport was $525,000 in April 2024, down 1.9% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $193.7K | $203K | +4.8% |
2 Bedrooms | $385K | $405K | +5.2% |
3 Bedrooms | $555K | $545K | -1.8% |
4 Bedrooms | $595K | $599K | +0.7% |
5+ Bedrooms | $650K | $635K | -2.3% |
Summary: Freeport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in Freeport, NY
How many homes are available in Freeport, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
175 | 180 | +2.9% |
Summary: The Freeport real estate market had 180 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 25 | +4.2% |
2 Bedrooms | 26 | 30 | +15.4% |
3 Bedrooms | 57 | 58 | +1.8% |
4 Bedrooms | 42 | 44 | +4.8% |
5+ Bedrooms | 26 | 23 | -11.5% |
Summary: The Freeport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 15 | -46.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Freeport in April 2024, down by 46.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 13% were sold at asking, and 53% were sold over asking.
Days on Market for Freeport, NY
How long does it take to sell a home in Freeport, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 36 Days | -27.6% |
Summary: Homes in Freeport had an average of 36 days on market in Apr 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Freeport; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.