$10,000 Closing Credit*
$1,530,000
4,815 SqFt
12 Beds
•6 Full Baths
#487419, Listing Office: Re/Max Real Estate Professiona
Is Farragut, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Farragut has remained a Buyer's Market.
Key Takeaway
Farragut is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Farragut, NY
How much do homes in Farragut, NY cost?
Median Sold Price
$733,000
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,000(+7.0%)
Key Takeaway
Homes in Farragut have sold for 7% more than they did a year ago.
Summary: The median home sold price in Farragut was $733,000 in October 2024, up 7% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $645K | $568K | -11.9% |
| 3 Bedrooms | $670K | $690K | +3.0% |
| 4 Bedrooms | $775K | $820K | +5.8% |
| 5+ Bedrooms | $1.1M | $852.5K | -23.5% |
Summary: Farragut 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 decreased by 11.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Farragut | $685K | $733K | +7.0% |
| Southeastern Brooklyn | $735.7K | $763.7K | +3.8% |
| Flatlands | $662.5K | $682.5K | +3.0% |
Housing Supply in Farragut, NY
How many homes are available in Farragut, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 38 | -11.6% |
Summary: The Farragut real estate market had 38 homes for sale in October 2024, a 11.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Farragut housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Farragut, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Farragut in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Farragut, NY
How long does it take to sell a home in Farragut, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 60 Days | +42.9% |
Summary: Homes in Farragut had an average of 60 days on market in Oct 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Farragut has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Farragut; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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