Is 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, Islip was a Seller's Market.
Housing Prices in Islip, NY
How much do homes in Islip, NY cost?
Median Sold Price
$563,676
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Islip was $563,676 in April 2024, up 6.4% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $276.5K | +15.2% |
2 Bedrooms | $410K | $420K | +2.4% |
3 Bedrooms | $510K | $547.9K | +7.4% |
4 Bedrooms | $579K | $605K | +4.5% |
5+ Bedrooms | $603.7K | $645K | +6.8% |
Summary: Islip housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Islandia | $465K | $563.7K | +21.2% |
Brightwaters | $699K | $815.5K | +16.7% |
Islip | $530K | $563.6K | +6.4% |
Smithtown | $648.2K | $685.2K | +5.7% |
Housing Supply in Islip, NY
How many homes are available in Islip, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
881 | 979 | +11.1% |
Summary: The Islip real estate market had 979 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 39 | +14.7% |
2 Bedrooms | 102 | 106 | +3.9% |
3 Bedrooms | 310 | 329 | +6.1% |
4 Bedrooms | 262 | 304 | +16.0% |
5+ Bedrooms | 173 | 201 | +16.2% |
Summary: The Islip housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 128 | +5.8% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Summary: A total of 128 homes were sold or pending in Islip in April 2024, up by 5.8% month-over-month. Of the 128 sold homes, 25% were sold under asking, 13% were sold at asking, and 62% were sold over asking.
Days on Market for Islip, NY
How long does it take to sell a home in Islip, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 41 Days | -24.7% |
Summary: Homes in Islip had an average of 41 days on market in Apr 2024, down by 24.7% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 128 homes were sold in Islip; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.