Is Port Jefferson, 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, Port Jefferson has remained a Buyer's Market.
Housing Prices in Port Jefferson, NY
How much do homes in Port Jefferson, NY cost?
Median Sold Price
$684,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Port Jefferson was $684,000 in April 2024, up 7.7% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $306K | - | N/A |
2 Bedrooms | $430K | $489.5K | +13.8% |
3 Bedrooms | $595K | $691.5K | +16.2% |
4 Bedrooms | $725K | $725K | 0.0% |
5+ Bedrooms | $680K | $909.5K | +33.8% |
Summary: Port Jefferson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 33.8%.
Median Sold Price Compared To Nearby Cities
Brookhaven | $470.8K | $509.1K | +8.1% |
Port Jefferson | $635K | $684K | +7.7% |
East Setauket | $680K | $710K | +4.4% |
Housing Supply in Port Jefferson, NY
How many homes are available in Port Jefferson, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 54 | +10.2% |
Summary: The Port Jefferson real estate market had 54 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 11 | 14 | +27.3% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Port Jefferson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Port Jefferson in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Port Jefferson, NY
How long does it take to sell a home in Port Jefferson, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
180 Days | 47 Days | -73.5% |
Summary: Homes in Port Jefferson had an average of 47 days on market in Apr 2024, down by 73.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Port Jefferson; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.