Is North Bellport, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Bellport is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, North Bellport was a Neutral Market.

Key Takeaway

North Bellport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Bellport, NY

How much do homes in North Bellport, NY cost?

Median Sold Price

$500,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,010(+11.1%)

Key Takeaway

Homes in North Bellport have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in North Bellport was $500,000 in October 2024, up 11.1% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $302K$262.5K
-13.1%
3 $430K$475K
+10.5%
4 $480K$540K
+12.5%
5+ $495K$585K
+18.2%

Summary: North Bellport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Neighborhoods

Yaphank
+41.9%
Medford
+14.9%
Town of Brookhaven
+12.7%
North Bellport
+11.1%
East Patchogue
+8.7%

Housing Supply in North Bellport, NY

How many homes are available in North Bellport, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5259+13.5%

Summary: The North Bellport real estate market had 59 homes for sale in October 2024, a 13.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1925
+31.6%
4 2625
-3.8%
5+ 78
+14.3%

Summary: The North Bellport 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 increased by 100%, 3 bedroom homes increased by 31.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bellport, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in North Bellport in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for North Bellport, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days21 Days+16.7%

Summary: Homes in North Bellport had an average of 21 days on market in Oct 2024, up by 16.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Bellport are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in North Bellport; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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