Is Patchogue, 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, Patchogue has remained a Buyer's Market.
Housing Prices in Patchogue, NY
How much do homes in Patchogue, NY cost?
Median Sold Price
$506,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Patchogue was $506,000 in April 2024, up 11.2% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $230K | +4.5% |
2 Bedrooms | $400K | $432.5K | +8.1% |
3 Bedrooms | $470K | $525K | +11.7% |
4 Bedrooms | $555K | $570K | +2.7% |
5+ Bedrooms | $525K | $575K | +9.5% |
Summary: Patchogue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Patchogue | $455K | $506K | +11.2% |
Brookhaven | $470.8K | $509.1K | +8.1% |
Housing Supply in Patchogue, NY
How many homes are available in Patchogue, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 128 | +10.3% |
Summary: The Patchogue real estate market had 128 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 14 | +7.7% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 42 | 44 | +4.8% |
4 Bedrooms | 29 | 40 | +37.9% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Patchogue housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 37.9%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Patchogue in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Patchogue, NY
How long does it take to sell a home in Patchogue, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 37 Days | -17.7% |
Summary: Homes in Patchogue had an average of 37 days on market in Apr 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Patchogue; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.