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 4 Days Ago

Newest Listings in Greenport West, NY

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