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 December 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

$921,000

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$43,500(+5.0%)

Key Takeaway

Homes in Northport have sold for 5% more than they did a year ago.

Summary: The median home sold price in Northport was $921,000 in December 2024, up 5% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$515K
N/A
2 $575K$780K
+35.7%
3 $746K$786K
+5.4%
4 $950K$950K
0.0%
5+ $1.3M$1.3M
+2.2%

Summary: Northport housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 5.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Huntington
+9.2%
Northport
+5.0%

Housing Supply in Northport, NY

How many homes are available in Northport, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
10485-18.3%

Summary: The Northport real estate market had 85 homes for sale in December 2024, a 18.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 53
-40.0%
3 2922
-24.1%
4 4138
-7.3%
5+ 2822
-21.4%

Summary: The Northport housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 24.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2019-5.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northport, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Northport in December 2024, down by 5.0% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% 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

Dec 2023Dec 2024CHANGE
48 Days42 Days-12.3%

Summary: Homes in Northport had an average of 42 days on market in Dec 2024, down by 12.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 19 homes were sold in Northport; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 5% 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 4 Days Ago

Newest Listings in Northport, NY

Nearby Markets to Northport, NY

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