Is Northport, 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, Northport was a Seller's Market.
Housing Prices in Northport, NY
How much do homes in Northport, NY cost?
Median Sold Price
$927,500
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northport was $927,500 in May 2024, up 9.8% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $515K | +37.3% |
2 Bedrooms | $637.5K | $647.7K | +1.6% |
3 Bedrooms | $742.5K | $722.5K | -2.7% |
4 Bedrooms | $890K | $970K | +9.0% |
5+ Bedrooms | $1.1M | $1.3M | +22.2% |
Summary: Northport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 22.2%.
Median Sold Price Compared To Nearby Cities
Northport | $845K | $927.5K | +9.8% |
Huntington | $724.9K | $779.7K | +7.6% |
Housing Supply in Northport, NY
How many homes are available in Northport, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 105 | +9.4% |
Summary: The Northport real estate market had 105 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 39 | 43 | +10.3% |
5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Northport 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 50%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Northport in May 2024, down by 28.6% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Northport, NY
How long does it take to sell a home in Northport, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 50 Days | -22.6% |
Summary: Homes in Northport had an average of 50 days on market in May 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Northport; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.