$4,738 Closing Credit*
$399,000
2 Beds
•1 Full Bath
Listing Office: Realty Connect USA L I Inc
Is Islip, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Islip has remained a Seller's Market.
Key Takeaway
Islip is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Islip, NY
How much do homes in Islip, NY cost?
Median Sold Price
$610,346
$353/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$65,401(+12.0%)
Key Takeaway
Homes in Islip have sold for 12% more than they did a year ago.
Summary: The median home sold price in Islip was $610,346 in December 2024, up 12% from last year, and the median price per square foot was $353.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256K | $275K | +7.4% |
| 2 Bedrooms | $415K | $455K | +9.6% |
| 3 Bedrooms | $530K | $590K | +11.3% |
| 4 Bedrooms | $592.1K | $650K | +9.8% |
| 5+ Bedrooms | $625K | $680K | +8.8% |
Summary: Islip housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Islandia | $512.5K | $595K | +16.1% |
| Islip | $544.9K | $610.3K | +12.0% |
| Smithtown | $676.9K | $731.7K | +8.1% |
Housing Supply in Islip, NY
How many homes are available in Islip, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,004 | 909 | -9.5% |
Summary: The Islip real estate market had 909 homes for sale in December 2024, a 9.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 29 | -21.6% |
| 2 Bedrooms | 123 | 111 | -9.8% |
| 3 Bedrooms | 344 | 289 | -16.0% |
| 4 Bedrooms | 312 | 286 | -8.3% |
| 5+ Bedrooms | 188 | 194 | +3.2% |
Summary: The Islip housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.6%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 3.2%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 198 | 189 | -4.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
127 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Islip, you could pay more than the asking price. 67.2% of homes here sold above asking price last month.
Summary: A total of 189 homes were sold or pending in Islip in December 2024, down by 4.5% month-over-month. Of the 189 sold homes, 23% were sold under asking, 10% were sold at asking, and 67% were sold over asking.
Days on Market for Islip, NY
How long does it take to sell a home in Islip, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 39 Days | 33 Days | -15.3% |
Summary: Homes in Islip had an average of 33 days on market in Dec 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Islip are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 189 homes were sold in Islip; 62% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 8% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.