Is Syosset, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Syosset is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Syosset, NY

How much do homes in Syosset, NY cost?

Median Sold Price

$1,039,000

$498/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$94,000(+9.9%)

Key Takeaway

Homes in Syosset have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Syosset was $1,039,000 in October 2024, up 9.9% from last year, and the median price per square foot was $498.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $712.5K-
N/A
3 $880K$915K
+4.0%
4 $933K$998K
+7.0%
5+ $1.3M$1.5M
+10.7%

Summary: Syosset 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 did not change, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Neighborhoods

Woodbury
+17.1%
East Norwich
+16.2%
Jericho
+15.8%
Syosset
+9.9%
Plainview
+8.9%

Housing Supply in Syosset, NY

How many homes are available in Syosset, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9088-2.2%

Summary: The Syosset real estate market had 88 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2423
-4.2%
4 3030
0.0%
5+ 3635
-2.8%

Summary: The Syosset 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 remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 2.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2215-31.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Syosset, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Syosset in October 2024, down by 31.8% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% were sold over asking.

Days on Market for Syosset, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days45 Days-16.8%

Summary: Homes in Syosset had an average of 45 days on market in Oct 2024, down by 16.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Syosset; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% 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 20 Days Ago

Newest Listings in Syosset, NY

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