$5,584 Closing Credit*
$470,250
2,324 SqFt
6 Beds
•2 Full Baths, 1 Partial
Listing Office: Green Acre Investment Corp
Is Islandia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Islandia was a Buyer's Market.
Key Takeaway
Islandia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Islandia, NY
How much do homes in Islandia, NY cost?
Median Sold Price
$590,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$140,000(+31.1%)
Key Takeaway
Homes in Islandia have sold for 31.1% more than they did a year ago.
Summary: The median home sold price in Islandia was $590,000 in October 2024, up 31.1% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $325K | +20.4% |
| 2 Bedrooms | $540K | $637K | +18.0% |
| 3 Bedrooms | $408K | $542.5K | +33.0% |
| 4 Bedrooms | $550K | $590K | +7.3% |
| 5+ Bedrooms | $557.5K | $550K | -1.3% |
Summary: Islandia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Islandia | $450K | $590K | +31.1% |
| Islip | $539.7K | $600K | +11.2% |
Housing Supply in Islandia, NY
How many homes are available in Islandia, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Islandia real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Islandia 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 decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Islandia, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Islandia in October 2024, up by 250.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Islandia, NY
How long does it take to sell a home in Islandia, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 140 Days | +539.6% |
Summary: Homes in Islandia had an average of 140 days on market in Oct 2024, up by 539.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Islandia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Islandia; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.