Is Shinnecock Hills, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shinnecock Hills is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Shinnecock Hills has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Shinnecock Hills, NY

How much do homes in Shinnecock Hills, NY cost?

Median Sold Price

$2,388,000

$697/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$985,500(+70.3%)

Key Takeaway

Homes in Shinnecock Hills have sold for 70.3% more than they did a year ago.

Summary: The median home sold price in Shinnecock Hills was $2,388,000 in November 2024, up 70.3% from last year, and the median price per square foot was $697.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$1.2M
N/A
3 $1.1M$1.2M
+1.9%
4 $1.3M$1.5M
+16.3%
5+ $1.8M$4.1M
+116.4%

Summary: Shinnecock Hills 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 did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 116.4%.

Median Sold Price Compared To Nearby Neighborhoods

Shinnecock Hills
+70.3%
Hampton Bays
+9.4%
Town of Southampton
+5.1%

Housing Supply in Shinnecock Hills, NY

How many homes are available in Shinnecock Hills, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3132+3.2%

Summary: The Shinnecock Hills real estate market had 32 homes for sale in November 2024, a 3.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 54
-20.0%
4 911
+22.2%
5+ 1414
0.0%

Summary: The Shinnecock Hills 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 20%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were 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 Shinnecock Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Shinnecock Hills in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Shinnecock Hills, NY

How long does it take to sell a home in Shinnecock Hills, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
102 Days141 Days+38.5%

Summary: Homes in Shinnecock Hills had an average of 141 days on market in Nov 2024, up by 38.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Shinnecock Hills; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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