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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenport West is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Greenport West is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Greenport West, NY

How much do homes in Greenport West, NY cost?

Median Sold Price

$950,000

$545/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$145,000(+18.0%)

Key Takeaway

Homes in Greenport West have sold for 18% more than they did a year ago.

Summary: The median home sold price in Greenport West was $950,000 in October 2024, up 18% from last year, and the median price per square foot was $545.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $227.5K$265K
+16.5%
2 $575K$567.5K
-1.3%
3 $805K$999K
+24.1%
4 $1.1M$1.2M
+13.8%
5+ $1.8M$2.1M
+18.7%

Summary: Greenport West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 18.7%.

Median Sold Price Compared To Nearby Neighborhoods

Greenport West
+18.0%
East Marion
+4.4%

Housing Supply in Greenport West, NY

How many homes are available in Greenport West, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2327+17.4%

Summary: The Greenport West real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 35
+66.7%
3 109
-10.0%
4 711
+57.1%
5+ 00
0.0%

Summary: The Greenport West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenport West, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Greenport West in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Greenport West, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days45 Days-30.9%

Summary: Homes in Greenport West had an average of 45 days on market in Oct 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Greenport West; 75% of homes were sold within 30 days, 0% 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 23 Days Ago

Newest Listings in Greenport West, NY

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