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 November 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

$1,570,000

$648/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,000(+5.0%)

Key Takeaway

Homes in Remsenburg & Speonk have sold for 5% more than they did a year ago.

Summary: The median home sold price in Remsenburg & Speonk was $1,570,000 in November 2024, up 5% from last year, and the median price per square foot was $648.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K-
N/A
2 $795K$375K
-52.8%
3 $1.5M$962.5K
-38.9%
4 $975K$1.4M
+43.8%
5+ $2.6M$3.7M
+41.5%

Summary: Remsenburg & Speonk housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.8%, 3 bedroom homes decreased by 38.9%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes increased by 41.5%.

Median Sold Price Compared To Nearby Neighborhoods

Westhampton
+15.9%
Town of Southampton
+5.1%
Remsenburg & Speonk
+5.0%

Housing Supply in Remsenburg & Speonk, NY

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4439-11.4%

Summary: The Remsenburg & Speonk real estate market had 39 homes for sale in November 2024, a 11.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 98
-11.1%
4 1310
-23.1%
5+ 1716
-5.9%

Summary: The Remsenburg & Speonk 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 11.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Remsenburg & Speonk in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Nov 2023Nov 2024CHANGE
56 Days192 Days+244.0%

Summary: Homes in Remsenburg & Speonk had an average of 192 days on market in Nov 2024, up by 244% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Remsenburg & Speonk; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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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