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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brookhaven is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Brookhaven has remained a Seller's Market.

Key Takeaway

Brookhaven is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Brookhaven, NY

How much do homes in Brookhaven, NY cost?

Median Sold Price

$547,506

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,626(+12.0%)

Key Takeaway

Homes in Brookhaven have sold for 12% more than they did a year ago.

Summary: The median home sold price in Brookhaven was $547,506 in November 2024, up 12% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222.7K$230K
+3.3%
2 $370.2K$411.5K
+11.2%
3 $475.1K$529.7K
+11.5%
4 $567.1K$625K
+10.2%
5+ $626.1K$674.1K
+7.7%

Summary: Brookhaven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Bellport
+15.4%
Patchogue
+12.5%
Brookhaven
+12.0%
Lake Grove
+7.1%

Housing Supply in Brookhaven, NY

How many homes are available in Brookhaven, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2,4282,239-7.8%

Summary: The Brookhaven real estate market had 2,239 homes for sale in November 2024, a 7.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 9485
-9.6%
2 414377
-8.9%
3 872807
-7.5%
4 711653
-8.2%
5+ 337317
-5.9%

Summary: The Brookhaven housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
469398-15.1%

Asking Price vs. Sold Price

105 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

241 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brookhaven, you could pay more than the asking price. 60.6% of homes here sold above asking price last month.

Summary: A total of 398 homes were sold or pending in Brookhaven in November 2024, down by 15.1% month-over-month. Of the 398 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.

Days on Market for Brookhaven, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days48 Days+13.8%

Summary: Homes in Brookhaven had an average of 48 days on market in Nov 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

213 Homes Were Sold
Under 30 Days

131 Homes Were Sold
In 30 - 90 Days

54 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 398 homes were sold in Brookhaven; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% 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 17 Days Ago

Newest Listings in Brookhaven, NY

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