Is Oyster Bay, 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, Oyster Bay has remained a Buyer's Market.
Housing Prices in Oyster Bay, NY
How much do homes in Oyster Bay, NY cost?
Median Sold Price
$764,700
$438/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oyster Bay was $764,700 in April 2024, up 4.9% from last year, and the median price per square foot was $438.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $280K | +3.7% |
2 Bedrooms | $575K | $593.5K | +3.2% |
3 Bedrooms | $669.2K | $705.6K | +5.4% |
4 Bedrooms | $750K | $781.9K | +4.3% |
5+ Bedrooms | $1.2M | $1.2M | +4.3% |
Summary: Oyster Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Brookville | $2.1M | $2.4M | +15.0% |
Farmingdale | $569K | $610K | +7.2% |
Farmingdale | $569K | $610K | +7.2% |
Oyster Bay | $729.2K | $764.7K | +4.9% |
Muttontown | $2.1M | $1.7M | -18.8% |
Housing Supply in Oyster Bay, NY
How many homes are available in Oyster Bay, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,049 | 1,205 | +14.9% |
Summary: The Oyster Bay real estate market had 1,205 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 23 | -4.2% |
2 Bedrooms | 60 | 56 | -6.7% |
3 Bedrooms | 266 | 308 | +15.8% |
4 Bedrooms | 336 | 382 | +13.7% |
5+ Bedrooms | 363 | 436 | +20.1% |
Summary: The Oyster Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.2%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 20.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
159 | 129 | -18.9% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 129 homes were sold or pending in Oyster Bay in April 2024, down by 18.9% month-over-month. Of the 129 sold homes, 41% were sold under asking, 10% were sold at asking, and 49% were sold over asking.
Days on Market for Oyster Bay, NY
How long does it take to sell a home in Oyster Bay, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 66 Days | -22.9% |
Summary: Homes in Oyster Bay had an average of 66 days on market in Apr 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During April 2024, 129 homes were sold in Oyster Bay; 53% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.