Is South Huntington, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Huntington is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, South Huntington has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Huntington, NY

How much do homes in South Huntington, NY cost?

Median Sold Price

$683,500

$380/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$88,500(+14.9%)

Key Takeaway

Homes in South Huntington have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in South Huntington was $683,500 in October 2024, up 14.9% from last year, and the median price per square foot was $380.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $460K$559K
+21.5%
3 $570K$677K
+18.8%
4 $620K$740K
+19.4%
5+ $700K$725K
+3.6%

Summary: South Huntington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Neighborhoods

West Hills
+23.8%
Melville
+17.7%
South Huntington
+14.9%
Greenlawn
+13.2%
Huntington Station
+11.6%

Housing Supply in South Huntington, NY

How many homes are available in South Huntington, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3743+16.2%

Summary: The South Huntington real estate market had 43 homes for sale in October 2024, a 16.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 1516
+6.7%
4 1316
+23.1%
5+ 88
0.0%

Summary: The South Huntington housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Huntington, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in South Huntington in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for South Huntington, NY

How long does it take to sell a home in South Huntington, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days28 Days-3.9%

Summary: Homes in South Huntington had an average of 28 days on market in Oct 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in South Huntington; 75% of homes were sold within 30 days, 25% 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 17 Days Ago

Newest Listings in South Huntington, NY

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