Is Old Field, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Field is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Old Field has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Old Field, NY

How much do homes in Old Field, NY cost?

Median Sold Price

$1,700,000

$418/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$480,000(+39.3%)

Key Takeaway

Homes in Old Field have sold for 39.3% more than they did a year ago.

Summary: The median home sold price in Old Field was $1,700,000 in October 2024, up 39.3% from last year, and the median price per square foot was $418.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $1.0M$994.9K
-4.6%
5+ $1.3M$3.1M
+135.8%

Summary: Old Field 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 did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 135.8%.

Median Sold Price Compared To Nearby Cities

Old Field
+39.3%
Brookhaven
+12.9%
East Setauket
+4.8%

Housing Supply in Old Field, NY

How many homes are available in Old Field, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
811+37.5%

Summary: The Old Field real estate market had 11 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 33
0.0%
5+ 58
+60.0%

Summary: The Old Field 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Field, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Old Field in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Old Field, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
116 Days71 Days-38.8%

Summary: Homes in Old Field had an average of 71 days on market in Oct 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Old Field has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Old Field; 0% of homes were sold within 30 days, 100% 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 22 Days Ago

Newest Listings in Old Field, NY

Nearby Markets to Old Field, NY

What housing markets are near Old Field, NY?