Is Bellport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bellport is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bellport was a Neutral Market.

Key Takeaway

Bellport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bellport, NY

How much do homes in Bellport, NY cost?

Median Sold Price

$570,000

$360/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$90,000(+18.8%)

Key Takeaway

Homes in Bellport have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Bellport was $570,000 in October 2024, up 18.8% from last year, and the median price per square foot was $360.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $610K$537K
-12.0%
2 $380K$570K
+50.0%
3 $432.5K$512.5K
+18.5%
4 $550K$585K
+6.4%
5+ $520K$1.8M
+261.1%

Summary: Bellport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 261.1%.

Median Sold Price Compared To Nearby Cities

Bellport
+18.8%
Brookhaven
+12.9%

Housing Supply in Bellport, NY

How many homes are available in Bellport, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5661+8.9%

Summary: The Bellport real estate market had 61 homes for sale in October 2024, a 8.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2027
+35.0%
4 2623
-11.5%
5+ 910
+11.1%

Summary: The Bellport housing inventory by bedroom type for October 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 35%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellport, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Bellport in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Bellport, NY

How long does it take to sell a home in Bellport, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days20 Days0.4%

Summary: Homes in Bellport had an average of 20 days on market in Oct 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bellport are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Bellport; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Bellport, NY

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