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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Moriches is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, East Moriches was a Seller's Market.

Key Takeaway

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

Housing Prices in East Moriches, NY

How much do homes in East Moriches, NY cost?

Median Sold Price

$750,000

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in East Moriches has remained the same since last year.

Summary: The median home sold price in East Moriches was $750,000 in November 2024, down 0.1% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $375K-
N/A
2 $813K$645K
-20.7%
3 $620K$731.2K
+17.9%
4 $767.3K$907.5K
+18.3%
5+ $800K$882.5K
+10.3%

Summary: East Moriches 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 decreased by 20.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Neighborhoods

Town of Brookhaven
+12.0%
Center Moriches
+10.0%
Manorville
+6.8%
East Moriches
-0.1%

Housing Supply in East Moriches, NY

How many homes are available in East Moriches, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3432-5.9%

Summary: The East Moriches real estate market had 32 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1311
-15.4%
4 1212
0.0%
5+ 34
+33.3%

Summary: The East Moriches 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 decreased by 16.7%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Moriches, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in East Moriches in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for East Moriches, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
125 Days147 Days+17.5%

Summary: Homes in East Moriches had an average of 147 days on market in Nov 2024, up by 17.5% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in East Moriches has remained consistent over time.

Summary: During November 2024, 4 homes were sold in East Moriches; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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

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