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 Last Month

Last month, North Bellport was a Seller's 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

$546,000

$300/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$6,000(+1.1%)

Key Takeaway

Homes in North Bellport have sold for 1.1% more than they did a month ago.

Summary: The median home sold price in North Bellport was $546,000 in November 2024, up 1.1% from last month, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $525K$545.5K
+3.9%
4 $587.4K$546K
-7.1%
5+ $476K-
N/A

Summary: North Bellport housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.

Housing Supply in North Bellport, NY

How many homes are available in North Bellport, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5650-10.7%

Summary: The North Bellport real estate market had 50 homes for sale in November 2024, a 10.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2520
-20.0%
4 2222
0.0%
5+ 87
-12.5%

Summary: The North Bellport 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was 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. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in North Bellport in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% 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 2024Nov 2024CHANGE
23 Days248 Days+958.7%

Summary: Homes in North Bellport had an average of 248 days on market in Nov 2024, up by 958.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Bellport has remained consistent over time.

Summary: During November 2024, 5 homes were sold in North Bellport; 20% of homes were sold within 30 days, 60% 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 17 Days Ago

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