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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northport is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Northport, NY

How much do homes in Northport, NY cost?

Median Sold Price

$915,000

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,500(+3.9%)

Key Takeaway

Homes in Northport have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Northport was $915,000 in November 2024, up 3.9% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $375K$515K
+37.3%
2 $546.5K$647.7K
+18.5%
3 $745K$775K
+4.0%
4 $975K$937.5K
-3.8%
5+ $1.2M$1.3M
+13.5%

Summary: Northport housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Cities

Huntington
+10.0%
Northport
+3.9%

Housing Supply in Northport, NY

How many homes are available in Northport, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
112108-3.6%

Summary: The Northport real estate market had 108 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 55
0.0%
3 3530
-14.3%
4 4143
+4.9%
5+ 3029
-3.3%

Summary: The Northport 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 14.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 3.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1519+26.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northport, you could pay more than the asking price. 63.2% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Northport in November 2024, up by 26.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 5% were sold at asking, and 63% were sold over asking.

Days on Market for Northport, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
76 Days36 Days-52.4%

Summary: Homes in Northport had an average of 36 days on market in Nov 2024, down by 52.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in Northport; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

Newest Listings in Northport, NY

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