$7,481 Closing Credit*
$630,000
1,863 SqFt
3 Beds
•2 Full Baths
Listing Office: Pine Barrens Realty LLC
Is Miller Place, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Miller Place was a Seller's Market.
Key Takeaway
Miller Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Miller Place, NY
How much do homes in Miller Place, NY cost?
Median Sold Price
$649,500
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,500(+3.9%)
Key Takeaway
Homes in Miller Place have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Miller Place was $649,500 in November 2024, up 3.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $244K | +1.7% |
| 2 Bedrooms | $515K | $527.5K | +2.4% |
| 3 Bedrooms | $574.5K | $622.5K | +8.4% |
| 4 Bedrooms | $700K | $700K | 0.0% |
| 5+ Bedrooms | $840K | $897.5K | +6.8% |
Summary: Miller Place housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Sound Beach | $415K | $484.9K | +16.8% |
| Mount Sinai | $619.5K | $695K | +12.2% |
| Rocky Point | $472.5K | $495K | +4.8% |
| Coram | $436.2K | $455K | +4.3% |
| Miller Place | $625K | $649.5K | +3.9% |
Housing Supply in Miller Place, NY
How many homes are available in Miller Place, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 50 | -7.4% |
Summary: The Miller Place real estate market had 50 homes for sale in November 2024, a 7.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Miller Place housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 5 | -68.8% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miller Place, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Miller Place in November 2024, down by 68.8% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Miller Place, NY
How long does it take to sell a home in Miller Place, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 52 Days | +1.9% |
Summary: Homes in Miller Place had an average of 52 days on market in Nov 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Miller Place are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Miller Place; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.