$4,928 Closing Credit*
$415,000
1,008 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Century 21 KR Realty
Is Medford, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Medford has remained a Seller's Market.
Key Takeaway
Medford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Medford, NY
How much do homes in Medford, NY cost?
Median Sold Price
$540,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+14.9%)
Key Takeaway
Homes in Medford have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Medford was $540,000 in October 2024, up 14.9% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $306.2K | +2.1% |
| 2 Bedrooms | $350K | $379K | +8.3% |
| 3 Bedrooms | $450K | $520K | +15.6% |
| 4 Bedrooms | $526.5K | $571K | +8.5% |
| 5+ Bedrooms | $540K | $585K | +8.3% |
Summary: Medford housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Yaphank | $415K | $589K | +41.9% |
| Medford | $470K | $540K | +14.9% |
| Town of Brookhaven | $480.1K | $540.9K | +12.7% |
| Gordon Heights | $440K | $480K | +9.1% |
| Farmingville | $519.7K | $565.5K | +8.8% |
Housing Supply in Medford, NY
How many homes are available in Medford, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 109 | 0.0% |
Summary: The Medford real estate market had 109 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 45 | 41 | -8.9% |
| 4 Bedrooms | 30 | 35 | +16.7% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Medford housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Medford, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Medford in October 2024, up by 42.9% month-over-month. Of the 20 sold homes, 15% were sold under asking, 10% were sold at asking, and 75% were sold over asking.
Days on Market for Medford, NY
How long does it take to sell a home in Medford, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 23 Days | -34.7% |
Summary: Homes in Medford had an average of 23 days on market in Oct 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Medford are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Medford; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% 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.