Is Oyster Bay, 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, Oyster Bay was a Neutral Market.
Key Takeaway
Oyster Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oyster Bay, NY
How much do homes in Oyster Bay, NY cost?
Median Sold Price
$775,503
$444/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oyster Bay have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Oyster Bay was $775,503 in May 2024, up 7.1% from last year, and the median price per square foot was $444.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $275K | 0.0% |
| 2 Bedrooms | $573.7K | $606.5K | +5.7% |
| 3 Bedrooms | $668.9K | $710.9K | +6.3% |
| 4 Bedrooms | $749.7K | $799.9K | +6.7% |
| 5+ Bedrooms | $1.2M | $1.2M | +4.8% |
Summary: Oyster Bay 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 5.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Brookville | $2.2M | $2.5M | +12.1% |
| Farmingdale | $565K | $615.5K | +8.9% |
| Farmingdale | $565K | $614.1K | +8.7% |
| Oyster Bay | $724.1K | $775.5K | +7.1% |
| Muttontown | $2.0M | $1.7M | -10.1% |
Housing Supply in Oyster Bay, NY
How many homes are available in Oyster Bay, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,195 | 1,407 | +17.7% |
Summary: The Oyster Bay real estate market had 1,407 homes for sale in May 2024, a 17.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 21 | -12.5% |
| 2 Bedrooms | 59 | 58 | -1.7% |
| 3 Bedrooms | 311 | 395 | +27.0% |
| 4 Bedrooms | 386 | 456 | +18.1% |
| 5+ Bedrooms | 415 | 477 | +14.9% |
Summary: The Oyster Bay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 141 | 165 | +17.0% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oyster Bay, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.
Summary: A total of 165 homes were sold or pending in Oyster Bay in May 2024, up by 17.0% month-over-month. Of the 165 sold homes, 39% were sold under asking, 8% were sold at asking, and 53% were sold over asking.
Days on Market for Oyster Bay, NY
How long does it take to sell a home in Oyster Bay, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 61 Days | -0.0% |
Summary: Homes in Oyster Bay had an average of 61 days on market in May 2024, down by 0% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oyster Bay are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 165 homes were sold in Oyster Bay; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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