Is East Setauket, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Setauket was a Seller's Market.
Key Takeaway
East Setauket is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Setauket, NY
How much do homes in East Setauket, NY cost?
Median Sold Price
$730,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Setauket have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in East Setauket was $730,000 in May 2024, up 7.7% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $600K | $574.9K | -4.2% |
| 3 Bedrooms | $582.5K | $625K | +7.3% |
| 4 Bedrooms | $709K | $790K | +11.4% |
| 5+ Bedrooms | $960K | $999.9K | +4.2% |
Summary: East Setauket housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Port Jefferson | $637.5K | $720K | +12.9% |
| Brookhaven | $474.2K | $515K | +8.6% |
| East Setauket | $677.5K | $730K | +7.7% |
Housing Supply in East Setauket, NY
How many homes are available in East Setauket, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 96 | +6.7% |
Summary: The East Setauket real estate market had 96 homes for sale in May 2024, a 6.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 21 | +50.0% |
| 4 Bedrooms | 46 | 40 | -13.0% |
| 5+ Bedrooms | 25 | 29 | +16.0% |
Summary: The East Setauket housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Setauket, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in East Setauket in May 2024, down by 11.8% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for East Setauket, NY
How long does it take to sell a home in East Setauket, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 29 Days | -37.7% |
Summary: Homes in East Setauket had an average of 29 days on market in May 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Setauket are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in East Setauket; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.