Is Sag Harbor, 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, Sag Harbor was a Neutral Market.
Key Takeaway
Sag Harbor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sag Harbor, NY
How much do homes in Sag Harbor, NY cost?
Median Sold Price
$1,775,000
$908/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sag Harbor have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Sag Harbor was $1,775,000 in May 2024, up 4.4% from last year, and the median price per square foot was $908.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $811K | - | N/A |
| 2 Bedrooms | $825K | $1.6M | +100.0% |
| 3 Bedrooms | $1.6M | $1.3M | -15.1% |
| 4 Bedrooms | $1.8M | $1.7M | -1.5% |
| 5+ Bedrooms | $5.7M | $2.7M | -52.0% |
Summary: Sag Harbor 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 increased by 100%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 52%.
Housing Supply in Sag Harbor, NY
How many homes are available in Sag Harbor, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 48 | +14.3% |
Summary: The Sag Harbor real estate market had 48 homes for sale in May 2024, a 14.3% 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Sag Harbor 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 decreased by 12.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sag Harbor, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sag Harbor in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Sag Harbor, NY
How long does it take to sell a home in Sag Harbor, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 105 Days | +682.2% |
Summary: Homes in Sag Harbor had an average of 105 days on market in May 2024, up by 682.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sag Harbor has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Sag Harbor; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.