$6,638 Closing Credit*
$559,000
1,728 SqFt
3 Beds
•2 Full Baths
Listing Office: Signature Premier Properties
Is Farmingville, 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, Farmingville was a Seller's Market.
Key Takeaway
Farmingville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Farmingville, NY
How much do homes in Farmingville, NY cost?
Median Sold Price
$565,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,800(+8.8%)
Key Takeaway
Homes in Farmingville have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Farmingville was $565,500 in October 2024, up 8.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $412.5K | $432.5K | +4.8% |
| 3 Bedrooms | $485K | $520K | +7.2% |
| 4 Bedrooms | $560K | $657.5K | +17.4% |
| 5+ Bedrooms | $580K | $640K | +10.3% |
Summary: Farmingville 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 4.8%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Holtsville | $495K | $580K | +17.2% |
| Selden | $469K | $530K | +13.0% |
| Centereach | $520K | $575K | +10.6% |
| Farmingville | $519.7K | $565.5K | +8.8% |
| Coram | $439.5K | $445.9K | +1.5% |
Housing Supply in Farmingville, NY
How many homes are available in Farmingville, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 67 | +11.7% |
Summary: The Farmingville real estate market had 67 homes for sale in October 2024, a 11.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Farmingville 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 increased by 25%, 3 bedroom homes increased by 36.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmingville, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Farmingville in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Farmingville, NY
How long does it take to sell a home in Farmingville, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +63.7% |
Summary: Homes in Farmingville had an average of 37 days on market in Oct 2024, up by 63.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Farmingville has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Farmingville; 38% of homes were sold within 30 days, 63% 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.