Is Fort Salonga, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Salonga is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Fort Salonga was a Seller's Market.

Key Takeaway

Fort Salonga is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fort Salonga, NY

How much do homes in Fort Salonga, NY cost?

Median Sold Price

$1,110,000

$380/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$256,250(+30.0%)

Key Takeaway

Homes in Fort Salonga have sold for 30% more than they did a year ago.

Summary: The median home sold price in Fort Salonga was $1,110,000 in October 2024, up 30% from last year, and the median price per square foot was $380.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $430K-
N/A
3 $750K$760K
+1.3%
4 $1.1M$1.1M
+7.3%
5+ $931K$1.3M
+45.0%

Summary: Fort Salonga 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 did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 45%.

Median Sold Price Compared To Nearby Neighborhoods

Fort Salonga
+30.0%
Kings Park
+12.5%
Town of Huntington
+9.3%
Town of Smithtown
+9.1%
East Northport
+6.7%

Housing Supply in Fort Salonga, NY

How many homes are available in Fort Salonga, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5256+7.7%

Summary: The Fort Salonga real estate market had 56 homes for sale in October 2024, a 7.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1612
-25.0%
4 2126
+23.8%
5+ 1315
+15.4%

Summary: The Fort Salonga 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 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

1 Home Was 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 Fort Salonga, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Fort Salonga in October 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Fort Salonga, NY

How long does it take to sell a home in Fort Salonga, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
117 Days107 Days-9.3%

Summary: Homes in Fort Salonga had an average of 107 days on market in Oct 2024, down by 9.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Fort Salonga; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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

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