$2,795,000
5,300 SqFt
4 Beds
•4 Full Baths, 1 Partial
Listing Office: Douglas Elliman Real Estate
Is Shelter Island, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Shelter Island was a Seller's Market.
Key Takeaway
Shelter Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Shelter Island, NY
How much do homes in Shelter Island, NY cost?
Median Sold Price
$1,237,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$925,000(-42.8%)
Key Takeaway
Homes in Shelter Island have sold for 42.8% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $2.0M | - | N/A |
| 4 Bedrooms | $2.1M | $1.2M | -43.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Shelter Island housing prices by bedroom type for November 2024 compared to the previous month: 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 43.3%, and 5+ bedroom homes did not change.
Housing Supply in Shelter Island, NY
How many homes are available in Shelter Island, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Shelter Island real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shelter Island 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelter Island, 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 Shelter Island in November 2024, down by 75.0% month-over-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 Shelter Island, NY
How long does it take to sell a home in Shelter Island, NY?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 223 Days | 82 Days | -63.2% |
Summary: Homes in Shelter Island had an average of 82 days on market in Nov 2024, down by 63.2% compared to last month.
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
Key Takeaway
Avg time on Rocket Homes in Shelter Island has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Shelter Island; 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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.