Is Shrub Oak, 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, Shrub Oak was a Buyer's Market.
Housing Prices in Shrub Oak, NY
How much do homes in Shrub Oak, NY cost?
Median Sold Price
$587,944
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shrub Oak was $587,944 in May 2024, up 18.5% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $338K | $395K | +16.8% |
2 Bedrooms | $511.3K | $565.4K | +10.6% |
3 Bedrooms | $490K | $567.5K | +15.8% |
4 Bedrooms | $550K | $811K | +47.5% |
5+ Bedrooms | $700K | - | N/A |
Summary: Shrub Oak housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 47.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Shrub Oak | $496.3K | $587.9K | +18.5% |
Yorktown | $568K | $588.3K | +3.6% |
Yorktown Heights | $575K | $591.8K | +2.9% |
Mohegan Lake | $450K | $440K | -2.2% |
Housing Supply in Shrub Oak, NY
How many homes are available in Shrub Oak, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Summary: The Shrub Oak real estate market had 10 homes for sale in May 2024, a 42.9% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shrub Oak 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Shrub Oak in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Shrub Oak, NY
How long does it take to sell a home in Shrub Oak, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 30 Days | +69.4% |
Summary: Homes in Shrub Oak had an average of 30 days on market in May 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Shrub Oak; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.