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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Syosset is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Syosset was a Neutral Market.

Key Takeaway

Syosset is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Syosset, NY

How much do homes in Syosset, NY cost?

Median Sold Price

$1,100,000

$499/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$160,000(+17.0%)

Key Takeaway

Homes in Syosset have sold for 17% more than they did a year ago.

Summary: The median home sold price in Syosset was $1,100,000 in November 2024, up 17% from last year, and the median price per square foot was $499.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $712.5K-
N/A
3 $899K$900K
0.1%
4 $917.5K$999K
+8.9%
5+ $1.3M$1.5M
+10.8%

Summary: Syosset 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 did not change, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 10.8%.

Median Sold Price Compared To Nearby Neighborhoods

Woodbury
+22.5%
Syosset
+17.0%
Jericho
+13.3%
Plainview
+10.6%
East Norwich
+8.8%

Housing Supply in Syosset, NY

How many homes are available in Syosset, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8581-4.7%

Summary: The Syosset real estate market had 81 homes for sale in November 2024, a 4.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2120
-4.8%
4 3029
-3.3%
5+ 3432
-5.9%

Summary: The Syosset 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 4.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1511-26.7%

Asking Price vs. Sold Price

5 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 Syosset, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Syosset in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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

Nov 2023Nov 2024CHANGE
68 Days52 Days-23.2%

Summary: Homes in Syosset had an average of 52 days on market in Nov 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Syosset has remained consistent over time.

Summary: During November 2024, 11 homes were sold in Syosset; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% 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 21 Days Ago

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