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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nesconset is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Nesconset has remained a Seller's Market.

Key Takeaway

Nesconset is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Nesconset, NY

How much do homes in Nesconset, NY cost?

Median Sold Price

$735,000

$361/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$84,500(+13.0%)

Key Takeaway

Homes in Nesconset have sold for 13% more than they did a year ago.

Summary: The median home sold price in Nesconset was $735,000 in November 2024, up 13% from last year, and the median price per square foot was $361.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $400K$313.7K
-21.6%
2 $540K$580.5K
+7.5%
3 $615K$658.5K
+7.1%
4 $722.5K$799K
+10.6%
5+ $675K$823.7K
+22.0%

Summary: Nesconset housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.6%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 22%.

Median Sold Price Compared To Nearby Neighborhoods

Saint James
+18.0%
Nesconset
+13.0%
Hauppauge
+10.8%
Lake Ronkonkoma
+9.2%
Town of Smithtown
+9.0%

Housing Supply in Nesconset, NY

How many homes are available in Nesconset, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5448-11.1%

Summary: The Nesconset real estate market had 48 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1513
-13.3%
4 2522
-12.0%
5+ 910
+11.1%

Summary: The Nesconset housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1015+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nesconset, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Nesconset in November 2024, up by 50.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 0% were sold at asking, and 53% were sold over asking.

Days on Market for Nesconset, NY

How long does it take to sell a home in Nesconset, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days70 Days+70.5%

Summary: Homes in Nesconset had an average of 70 days on market in Nov 2024, up by 70.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nesconset has remained consistent over time.

Summary: During November 2024, 15 homes were sold in Nesconset; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 20% 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 18 Days Ago

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