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 November 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

$690,000

$401/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$82,500(+13.6%)

Key Takeaway

Homes in South Huntington have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in South Huntington was $690,000 in November 2024, up 13.6% from last year, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $460K$559K
+21.5%
3 $577.5K$679.5K
+17.7%
4 $620K$789K
+27.3%
5+ $700K$725K
+3.6%

Summary: South Huntington 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 increased by 21.5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Neighborhoods

West Hills
+29.0%
Melville
+15.4%
South Huntington
+13.6%
Greenlawn
+13.0%
Huntington Station
+12.1%

Housing Supply in South Huntington, NY

How many homes are available in South Huntington, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4133-19.5%

Summary: The South Huntington real estate market had 33 homes for sale in November 2024, a 19.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1612
-25.0%
4 1612
-25.0%
5+ 77
0.0%

Summary: The South Huntington 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 25%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 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. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in South Huntington in November 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Nov 2023Nov 2024CHANGE
23 Days33 Days+40.1%

Summary: Homes in South Huntington had an average of 33 days on market in Nov 2024, up by 40.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 8 homes were sold in South Huntington; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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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