Is Shoreham, 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, Shoreham was a Buyer's Market.
Housing Prices in Shoreham, NY
How much do homes in Shoreham, NY cost?
Median Sold Price
$632,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Shoreham was $632,000 in April 2024, up 1.1% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $399K | $475K | +19.0% |
3 Bedrooms | $519.2K | $600K | +15.6% |
4 Bedrooms | $655K | $639.5K | -2.4% |
5+ Bedrooms | $925K | $887.5K | -4.1% |
Summary: Shoreham 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 19%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Brookhaven | $470.8K | $509.1K | +8.1% |
Shoreham | $625K | $632K | +1.1% |
Housing Supply in Shoreham, NY
How many homes are available in Shoreham, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Summary: The Shoreham real estate market had 23 homes for sale in April 2024, a 27.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Shoreham 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 remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Shoreham in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Shoreham, NY
How long does it take to sell a home in Shoreham, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 99 Days | +117.6% |
Summary: Homes in Shoreham had an average of 99 days on market in Apr 2024, up by 117.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Shoreham; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.