Is Remsenburg & Speonk, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Remsenburg & Speonk is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Remsenburg & Speonk has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Remsenburg & Speonk, NY

How much do homes in Remsenburg & Speonk, NY cost?

Median Sold Price

$1,352,500

$625/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$141,500(-9.5%)

Key Takeaway

Homes in Remsenburg & Speonk have sold for 9.5% less than they did a year ago.

Summary: The median home sold price in Remsenburg & Speonk was $1,352,500 in October 2024, down 9.5% from last year, and the median price per square foot was $625.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $325K-
N/A
2 $655K$465K
-29.0%
3 $1.5M$866.5K
-45.0%
4 $999.9K$1.4M
+40.3%
5+ $2.4M$3.9M
+63.5%

Summary: Remsenburg & Speonk 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 29%, 3 bedroom homes decreased by 45%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes increased by 63.5%.

Median Sold Price Compared To Nearby Neighborhoods

Westhampton
+13.5%
Town of Southampton
+11.2%
Eastport
-3.9%
Remsenburg & Speonk
-9.5%

Housing Supply in Remsenburg & Speonk, NY

How many homes are available in Remsenburg & Speonk, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4348+11.6%

Summary: The Remsenburg & Speonk real estate market had 48 homes for sale in October 2024, a 11.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 810
+25.0%
4 1515
0.0%
5+ 1718
+5.9%

Summary: The Remsenburg & Speonk 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 66.7%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Remsenburg & Speonk, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Remsenburg & Speonk in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Remsenburg & Speonk, NY

How long does it take to sell a home in Remsenburg & Speonk, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days152 Days+853.8%

Summary: Homes in Remsenburg & Speonk had an average of 152 days on market in Oct 2024, up by 853.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Remsenburg & Speonk are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in Remsenburg & Speonk; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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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