$3,795,000
6,200 SqFt
7 Beds
•5 Full Baths, 1 Partial
Listing Office: Douglas Elliman Real Estate
Is Center Moriches, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Center Moriches was a Seller's Market.
Key Takeaway
Center Moriches is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Center Moriches, NY
How much do homes in Center Moriches, NY cost?
Median Sold Price
$650,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$95,000(+17.1%)
Key Takeaway
Homes in Center Moriches have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Center Moriches was $650,000 in October 2024, up 17.1% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $595K | +12.3% |
| 2 Bedrooms | $475.9K | $623.5K | +31.0% |
| 3 Bedrooms | $557.5K | $582.5K | +4.5% |
| 4 Bedrooms | $625K | $739K | +18.2% |
| 5+ Bedrooms | $585K | $660K | +12.8% |
Summary: Center Moriches housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Moriches | $512.5K | $600.5K | +17.2% |
| Center Moriches | $555K | $650K | +17.1% |
| Town of Brookhaven | $480.1K | $540.9K | +12.7% |
| Manorville | $519K | $540K | +4.0% |
| East Moriches | $752.5K | $750K | -0.3% |
Housing Supply in Center Moriches, NY
How many homes are available in Center Moriches, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 41 | -8.9% |
Summary: The Center Moriches real estate market had 41 homes for sale in October 2024, a 8.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Center Moriches housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Center Moriches, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Center Moriches in October 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Center Moriches, NY
How long does it take to sell a home in Center Moriches, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 26 Days | -48.6% |
Summary: Homes in Center Moriches had an average of 26 days on market in Oct 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Center Moriches are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Center Moriches; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.