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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenport is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Greenport, NY

How much do homes in Greenport, NY cost?

Median Sold Price

$947,500

$570/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$66,250(+7.5%)

Key Takeaway

Homes in Greenport have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Greenport was $947,500 in November 2024, up 7.5% from last year, and the median price per square foot was $570.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $238.7K$285K
+19.4%
2 $504.7K$670K
+32.7%
3 $881.2K$915K
+3.8%
4 $1.1M$1.2M
+8.2%
5+ $1.8M$1.0M
-40.6%

Summary: Greenport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 40.6%.

Median Sold Price Compared To Nearby Cities

Hudson
+52.7%
Claverack
+8.3%
Greenport
+7.5%

Housing Supply in Greenport, NY

How many homes are available in Greenport, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5450-7.4%

Summary: The Greenport real estate market had 50 homes for sale in November 2024, a 7.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 97
-22.2%
3 2521
-16.0%
4 1718
+5.9%
5+ 12
+100.0%

Summary: The Greenport housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenport, 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 Greenport in November 2024, down by 42.9% 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 Greenport, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
68 Days90 Days+31.9%

Summary: Homes in Greenport had an average of 90 days on market in Nov 2024, up by 31.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Greenport; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in Greenport, NY

Nearby Markets to Greenport, NY