$6,530 Closing Credit*
$549,900
2 Beds
•2 Full Baths
Listing Office: Greene Realty Group
Is Stony Brook, 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, Stony Brook has remained a Seller's 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
$699,999
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,999(+7.7%)
Key Takeaway
Homes in Stony Brook have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Stony Brook was $699,999 in October 2024, up 7.7% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $308K | $352.5K | +14.4% |
| 2 Bedrooms | $429K | $454.5K | +5.9% |
| 3 Bedrooms | $610K | $663K | +8.7% |
| 4 Bedrooms | $690K | $725K | +5.1% |
| 5+ Bedrooms | $730K | $780K | +6.8% |
Summary: Stony Brook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Saint James | $561.7K | $630K | +12.1% |
| Town of Smithtown | $665K | $725.6K | +9.1% |
| Stony Brook | $650K | $699.9K | +7.7% |
| The Setaukets | $649.9K | $699K | +7.6% |
Housing Supply in Stony Brook, NY
How many homes are available in Stony Brook, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 56 | 50 | -10.7% |
Summary: The Stony Brook real estate market had 50 homes for sale in October 2024, a 10.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 25 | 20 | -20.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Stony Brook 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 28.6%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stony Brook, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Stony Brook in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 29 Days | -9.9% |
Summary: Homes in Stony Brook had an average of 29 days on market in Oct 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 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 October 2024, 12 homes were sold in Stony Brook; 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.
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.