$9,239 Closing Credit*
$778,000
2,600 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: E Realty International Corp
Is Stony Brook, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Stony Brook was a Neutral Market.
Key Takeaway
Stony Brook is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stony Brook, NY
How much do homes in Stony Brook, NY cost?
Median Sold Price
$694,000
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,000(+6.8%)
Key Takeaway
Homes in Stony Brook have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Stony Brook was $694,000 in November 2024, up 6.8% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.5K | $360K | +24.8% |
| 2 Bedrooms | $439K | $460K | +4.8% |
| 3 Bedrooms | $615K | $655K | +6.5% |
| 4 Bedrooms | $690K | $726K | +5.2% |
| 5+ Bedrooms | $735K | $764K | +3.9% |
Summary: Stony Brook housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Saint James | $555K | $655K | +18.0% |
| The Setaukets | $639.5K | $700K | +9.5% |
| Town of Smithtown | $668.8K | $729.2K | +9.0% |
| Stony Brook | $650K | $694K | +6.8% |
Housing Supply in Stony Brook, NY
How many homes are available in Stony Brook, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Summary: The Stony Brook real estate market had 45 homes for sale in November 2024, a 15.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 8 | 4 | -50.0% |
Summary: The Stony Brook 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 7.7%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stony Brook, 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 Stony Brook in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Stony Brook, NY
How long does it take to sell a home in Stony Brook, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 26 Days | -53.6% |
Summary: Homes in Stony Brook had an average of 26 days on market in Nov 2024, down by 53.6% 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
Key Takeaway
Many homes in Stony Brook are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Stony Brook; 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.
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.