$6,827 Closing Credit*
$574,900
1,877 SqFt
4 Beds
•2 Full Baths
Listing Office: Island Advantage Realty LLC
Is Brightwaters, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Brightwaters was a Neutral Market.
Key Takeaway
Brightwaters is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brightwaters, NY
How much do homes in Brightwaters, NY cost?
Median Sold Price
$935,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$187,500(+25.1%)
Key Takeaway
Homes in Brightwaters have sold for 25.1% more than they did a year ago.
Summary: The median home sold price in Brightwaters was $935,000 in November 2024, up 25.1% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $475K | - | N/A |
| 3 Bedrooms | $775K | $725K | -6.5% |
| 4 Bedrooms | $773.7K | $1.0M | +29.9% |
| 5+ Bedrooms | $785.5K | $1.0M | +28.9% |
Summary: Brightwaters housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 29.9%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Cities
| Brightwaters | $747.5K | $935K | +25.1% |
| Islip | $539.9K | $602.9K | +11.7% |
Housing Supply in Brightwaters, NY
How many homes are available in Brightwaters, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Brightwaters real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Brightwaters 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brightwaters, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Brightwaters in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Brightwaters, NY
How long does it take to sell a home in Brightwaters, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 78 Days | +885.0% |
Summary: Homes in Brightwaters had an average of 78 days on market in Nov 2024, up by 885% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Brightwaters are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Brightwaters; 40% of homes were sold within 30 days, 20% 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.