$10,000 Closing Credit*
$1,600,000
1,152 SqFt
5 Beds
•2 Full Baths
Listing Office: Belzak & Bodkin Realty Corp
Is Fire Island, 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, Fire Island was a Seller's Market.
Key Takeaway
Fire Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fire Island, NY
How much do homes in Fire Island, NY cost?
Median Sold Price
$1,262,500
$766/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$155,500(+14.0%)
Key Takeaway
Homes in Fire Island have sold for 14% more than they did a year ago.
Summary: The median home sold price in Fire Island was $1,262,500 in October 2024, up 14% from last year, and the median price per square foot was $766.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | - | N/A |
| 2 Bedrooms | $635K | $950K | +49.6% |
| 3 Bedrooms | $960K | $1.8M | +95.0% |
| 4 Bedrooms | $1.5M | $999K | -37.1% |
| 5+ Bedrooms | $1.0M | $1.6M | +52.8% |
Summary: Fire Island 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 49.6%, 3 bedroom homes increased by 95%, 4 bedroom homes decreased by 37.1%, and 5+ bedroom homes increased by 52.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Fire Island | $1.1M | $1.2M | +14.0% |
| Town of Southampton | $1.0M | $1.1M | +11.2% |
Housing Supply in Fire Island, NY
How many homes are available in Fire Island, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 45 | 52 | +15.6% |
Summary: The Fire Island real estate market had 52 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Fire Island 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 increased by 17.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fire Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fire Island in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fire Island, NY
How long does it take to sell a home in Fire Island, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 139 Days | 427 Days | +205.3% |
Summary: Homes in Fire Island had an average of 427 days on market in Oct 2024, up by 205.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fire Island are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Fire Island; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.