Is Islip, 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, Islip was a Seller's Market.
Key Takeaway
Islip is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Islip, NY
How much do homes in Islip, NY cost?
Median Sold Price
$572,116
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Islip have sold for 8% more than they did a year ago.
Summary: The median home sold price in Islip was $572,116 in May 2024, up 8% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $275K | +14.6% |
| 2 Bedrooms | $410K | $425K | +3.7% |
| 3 Bedrooms | $510K | $550K | +7.8% |
| 4 Bedrooms | $576K | $620K | +7.6% |
| 5+ Bedrooms | $600K | $650K | +8.3% |
Summary: Islip housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
| Brightwaters | $705.7K | $845K | +19.7% |
| Islip | $529.6K | $572.1K | +8.0% |
| Smithtown | $649.9K | $697.2K | +7.3% |
Housing Supply in Islip, NY
How many homes are available in Islip, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 973 | 1,083 | +11.3% |
Summary: The Islip real estate market had 1,083 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 46 | +17.9% |
| 2 Bedrooms | 109 | 121 | +11.0% |
| 3 Bedrooms | 323 | 358 | +10.8% |
| 4 Bedrooms | 308 | 333 | +8.1% |
| 5+ Bedrooms | 194 | 225 | +16.0% |
Summary: The Islip housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 16%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 146 | 150 | +2.7% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Islip, you could pay more than the asking price. 62.7% of homes here sold above asking price last month.
Summary: A total of 150 homes were sold or pending in Islip in May 2024, up by 2.7% month-over-month. Of the 150 sold homes, 27% were sold under asking, 11% were sold at asking, and 63% were sold over asking.
Days on Market for Islip, NY
How long does it take to sell a home in Islip, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 44 Days | -11.4% |
Summary: Homes in Islip had an average of 44 days on market in May 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
95 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Islip are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 150 homes were sold in Islip; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 15% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally