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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hauppauge is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hauppauge, NY

How much do homes in Hauppauge, NY cost?

Median Sold Price

$720,000

$356/sqft

Based on all homes sold in the last 12 months.

Difference Since October 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 October 2024, up 10.8% from last year, and the median price per square foot was $356.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $283.5K$330K
+16.4%
2 $542.5K$582K
+7.3%
3 $660K$690K
+4.5%
4 $701.5K$760K
+8.3%
5+ $791.5K$790K
-0.2%

Summary: Hauppauge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 0.2%.

Median Sold Price Compared To Nearby Neighborhoods

Central Islip
+13.6%
Brentwood
+11.5%
Commack
+11.0%
Hauppauge
+10.8%
Nesconset
+10.6%

Housing Supply in Hauppauge, NY

How many homes are available in Hauppauge, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6867-1.5%

Summary: The Hauppauge real estate market had 67 homes for sale in October 2024, a 1.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 77
0.0%
3 2119
-9.5%
4 2830
+7.1%
5+ 98
-11.1%

Summary: The Hauppauge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hauppauge, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Hauppauge in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Oct 2023Oct 2024CHANGE
59 Days30 Days-48.4%

Summary: Homes in Hauppauge had an average of 30 days on market in Oct 2024, down by 48.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Hauppauge; 56% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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