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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Shoreham is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in East Shoreham, NY

How much do homes in East Shoreham, NY cost?

Median Sold Price

$665,000

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+7.3%)

Key Takeaway

Homes in East Shoreham have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in East Shoreham was $665,000 in November 2024, up 7.3% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $475K-
N/A
3 $550K$600K
+9.1%
4 $680K$695K
+2.2%
5+ $800K$830K
+3.8%

Summary: East Shoreham 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 did not change, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 3.8%.

Median Sold Price Compared To Nearby Neighborhoods

Town of Brookhaven
+12.0%
Ridge
+8.4%
East Shoreham
+7.3%
Town of Riverhead
+5.4%
Wading River
+1.5%

Housing Supply in East Shoreham, NY

How many homes are available in East Shoreham, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2923-20.7%

Summary: The East Shoreham real estate market had 23 homes for sale in November 2024, a 20.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 96
-33.3%
4 1411
-21.4%
5+ 55
0.0%

Summary: The East Shoreham 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Shoreham, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in East Shoreham in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for East Shoreham, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days68 Days+51.7%

Summary: Homes in East Shoreham had an average of 68 days on market in Nov 2024, up by 51.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in East Shoreham are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in East Shoreham; 33% of homes were sold within 30 days, 17% 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

Newest Listings in East Shoreham, NY

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