Is Freeport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Freeport was a Neutral Market.

Key Takeaway

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

Housing Prices in Freeport, NY

How much do homes in Freeport, NY cost?

Median Sold Price

$568,333

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$48,333(+9.3%)

Key Takeaway

Homes in Freeport have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Freeport was $568,333 in October 2024, up 9.3% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $195.3K$210K
+7.5%
2 $389K$420K
+8.0%
3 $535K$578K
+8.0%
4 $599K$625K
+4.3%
5+ $650K$680K
+4.6%

Summary: Freeport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.6%.

Housing Supply in Freeport, NY

How many homes are available in Freeport, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
206214+3.9%

Summary: The Freeport real estate market had 214 homes for sale in October 2024, a 3.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2324
+4.3%
2 2832
+14.3%
3 6967
-2.9%
4 6368
+7.9%
5+ 2323
0.0%

Summary: The Freeport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
27270.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeport, you could pay more than the asking price. 63% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Freeport in October 2024, the same as the previous month. Of the 27 sold homes, 37% were sold under asking, 0% were sold at asking, and 63% were sold over asking.

Days on Market for Freeport, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days67 Days+23.3%

Summary: Homes in Freeport had an average of 67 days on market in Oct 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 27 homes were sold in Freeport; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% 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 20 Days Ago

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