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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hauppauge is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hauppauge has remained a Seller's Market.

Key Takeaway

Hauppauge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hauppauge, NY

How much do homes in Hauppauge, NY cost?

Median Sold Price

$720,000

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$70,000(+10.8%)

Key Takeaway

Homes in Hauppauge have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Hauppauge was $720,000 in November 2024, up 10.8% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $293K$330K
+12.6%
2 $533.7K$585K
+9.6%
3 $647.5K$694.5K
+7.3%
4 $700.7K$760K
+8.5%
5+ $788K$780K
-1.0%

Summary: Hauppauge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Neighborhoods

Central Islip
+13.6%
Nesconset
+13.0%
Brentwood
+12.4%
Hauppauge
+10.8%
Commack
+10.4%

Housing Supply in Hauppauge, NY

How many homes are available in Hauppauge, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6561-6.2%

Summary: The Hauppauge real estate market had 61 homes for sale in November 2024, a 6.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 75
-28.6%
3 1814
-22.2%
4 2930
+3.4%
5+ 89
+12.5%

Summary: The Hauppauge 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 28.6%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
917+88.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer47%35%18%

Key Takeaway

If you're buying a home in Hauppauge, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Hauppauge in November 2024, up by 88.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.

Days on Market for Hauppauge, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days53 Days+55.2%

Summary: Homes in Hauppauge had an average of 53 days on market in Nov 2024, up by 55.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times41%35%24%

Key Takeaway

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

Summary: During November 2024, 17 homes were sold in Hauppauge; 41% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 24% 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 21 Days Ago

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