Is Shrub Oak, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shrub Oak is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Shrub Oak was a Buyer's Market.

Key Takeaway

Shrub Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Shrub Oak, NY

How much do homes in Shrub Oak, NY cost?

Median Sold Price

$618,008

$366/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$143,008(+30.1%)

Key Takeaway

Homes in Shrub Oak have sold for 30.1% more than they did a month ago.

Summary: The median home sold price in Shrub Oak was $618,008 in October 2024, up 30.1% from last month, and the median price per square foot was $366.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $475K$636K
+33.9%
4 --
N/A
5+ -$600K
N/A

Summary: Shrub Oak housing prices by bedroom type for October 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 increased by 33.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Shrub Oak, NY

How many homes are available in Shrub Oak, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
911+22.2%

Summary: The Shrub Oak real estate market had 11 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 00
0.0%
3 55
0.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The Shrub Oak housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Shrub Oak, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Shrub Oak in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Shrub Oak, NY

How long does it take to sell a home in Shrub Oak, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
42 Days35 Days-15.5%

Summary: Homes in Shrub Oak had an average of 35 days on market in Oct 2024, down by 15.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Shrub Oak are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Shrub Oak; 50% of homes were sold within 30 days, 50% 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 16 Days Ago

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