$10,000 Closing Credit*
$949,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: SRG Residential LLC
Is Smithtown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Smithtown has remained a Seller's Market.
Key Takeaway
Smithtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smithtown, NY
How much do homes in Smithtown, NY cost?
Median Sold Price
$725,488
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,488(+9.1%)
Key Takeaway
Homes in Smithtown have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Smithtown was $725,488 in October 2024, up 9.1% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347.5K | $352K | +1.3% |
| 2 Bedrooms | $495K | $527.5K | +6.6% |
| 3 Bedrooms | $617.3K | $671.6K | +8.8% |
| 4 Bedrooms | $710K | $789K | +11.1% |
| 5+ Bedrooms | $835K | $869K | +4.1% |
Summary: Smithtown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
| Smithtown | $665K | $725.4K | +9.1% |
| Lake Grove | $596.2K | $635K | +6.5% |
| Nissequogue | $1.1M | $1.1M | -1.3% |
Housing Supply in Smithtown, NY
How many homes are available in Smithtown, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 494 | 488 | -1.2% |
Summary: The Smithtown real estate market had 488 homes for sale in October 2024, a 1.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 38 | 39 | +2.6% |
| 3 Bedrooms | 143 | 140 | -2.1% |
| 4 Bedrooms | 201 | 196 | -2.5% |
| 5+ Bedrooms | 101 | 104 | +3.0% |
Summary: The Smithtown housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 94 | 0.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smithtown, you could pay more than the asking price. 64.9% of homes here sold above asking price last month.
Summary: A total of 94 homes were sold or pending in Smithtown in October 2024, the same as the previous month. Of the 94 sold homes, 30% were sold under asking, 5% were sold at asking, and 65% were sold over asking.
Days on Market for Smithtown, NY
How long does it take to sell a home in Smithtown, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 33 Days | -26.3% |
Summary: Homes in Smithtown had an average of 33 days on market in Oct 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smithtown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 94 homes were sold in Smithtown; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.