Is Huntington, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Huntington is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Huntington was a Seller's Market.

Key Takeaway

Huntington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Huntington, NY

How much do homes in Huntington, NY cost?

Median Sold Price

$779,789

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$54,813(+7.6%)

Key Takeaway

Homes in Huntington have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Huntington was $779,789 in May 2024, up 7.6% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $340K$350K
+2.9%
2 $535K$575K
+7.5%
3 $650K$688.1K
+5.9%
4 $751.6K$825K
+9.8%
5+ $1.1M$1.1M
-2.7%

Summary: Huntington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

Northport
+9.8%
Lloyd Harbor
+8.8%
Huntington
+7.6%

Housing Supply in Huntington, NY

How many homes are available in Huntington, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
819950+16.0%

Summary: The Huntington real estate market had 950 homes for sale in May 2024, a 16.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1011
+10.0%
2 6367
+6.3%
3 238276
+16.0%
4 296346
+16.9%
5+ 212250
+17.9%

Summary: The Huntington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 17.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
116144+24.1%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

89 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Huntington, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.

Summary: A total of 144 homes were sold or pending in Huntington in May 2024, up by 24.1% month-over-month. Of the 144 sold homes, 30% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for Huntington, NY

How long does it take to sell a home in Huntington, NY?

Average Sale Time

May 2023May 2024CHANGE
63 Days39 Days-37.6%

Summary: Homes in Huntington had an average of 39 days on market in May 2024, down by 37.6% compared to last year.

Breakdown of Home Sale Times

99 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Huntington are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 144 homes were sold in Huntington; 69% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Huntington, NY

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