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 November 2023

Since last year, Bellport has remained a Buyer's 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

$562,500

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,000(+15.4%)

Key Takeaway

Homes in Bellport have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Bellport was $562,500 in November 2024, up 15.4% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $610K$537K
-12.0%
2 $380K$570K
+50.0%
3 $440K$530K
+20.5%
4 $550K$558K
+1.5%
5+ $495K$615K
+24.2%

Summary: Bellport housing prices by bedroom type for November 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 20.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 24.2%.

Median Sold Price Compared To Nearby Cities

Bellport
+15.4%
Brookhaven
+12.0%

Housing Supply in Bellport, NY

How many homes are available in Bellport, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5751-10.5%

Summary: The Bellport real estate market had 51 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2824
-14.3%
4 2120
-4.8%
5+ 87
-12.5%

Summary: The Bellport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bellport, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Bellport in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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

Nov 2023Nov 2024CHANGE
65 Days192 Days+194.5%

Summary: Homes in Bellport had an average of 192 days on market in Nov 2024, up by 194.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 7 homes were sold in Bellport; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 21 Days Ago

Newest Listings in Bellport, NY

Nearby Markets to Bellport, NY

What housing markets are near Bellport, NY?