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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Setauket is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

East Setauket is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Setauket, NY

How much do homes in East Setauket, NY cost?

Median Sold Price

$733,750

$360/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,750(+4.8%)

Key Takeaway

Homes in East Setauket have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in East Setauket was $733,750 in October 2024, up 4.8% from last year, and the median price per square foot was $360.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $549.9K$627K
+14.0%
3 $575K$665K
+15.7%
4 $745K$790K
+6.0%
5+ $935K$1.0M
+12.3%

Summary: East Setauket 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 increased by 14%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Cities

Old Field
+39.3%
Brookhaven
+12.9%
Port Jefferson
+9.0%
East Setauket
+4.8%

Housing Supply in East Setauket, NY

How many homes are available in East Setauket, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7980+1.3%

Summary: The East Setauket real estate market had 80 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 2220
-9.1%
4 3029
-3.3%
5+ 2125
+19.0%

Summary: The East Setauket 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 decreased by 9.1%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Setauket, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in East Setauket in October 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% were sold over asking.

Days on Market for East Setauket, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days47 Days-29.6%

Summary: Homes in East Setauket had an average of 47 days on market in Oct 2024, down by 29.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 13 homes were sold in East Setauket; 46% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 8% 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 22 Days Ago

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