Is East Marion, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Marion is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in East Marion, NY

How much do homes in East Marion, NY cost?

Median Sold Price

$1,185,000

$584/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+4.4%)

Key Takeaway

Homes in East Marion have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in East Marion was $1,185,000 in October 2024, up 4.4% from last year, and the median price per square foot was $584.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $780K-
N/A
2 -$890K
N/A
3 $1.0M$1.2M
+22.7%
4 $1.5M$1.4M
-3.9%
5+ $1.7M$1.1M
-36.2%

Summary: East Marion housing prices by bedroom type for October 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 increased by 22.7%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 36.2%.

Median Sold Price Compared To Nearby Neighborhoods

Greenport West
+18.0%
East Marion
+4.4%

Housing Supply in East Marion, NY

How many homes are available in East Marion, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1820+11.1%

Summary: The East Marion real estate market had 20 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 00
0.0%
3 89
+12.5%
4 45
+25.0%
5+ 44
0.0%

Summary: The East Marion 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 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Marion, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in East Marion in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for East Marion, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days12 Days+9.1%

Summary: Homes in East Marion had an average of 12 days on market in Oct 2024, up by 9.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in East Marion; 100% of homes were sold within 30 days, 0% 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 23 Days Ago

Newest Listings in East Marion, NY

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