Is Town of Brookhaven, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Town of Brookhaven is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Town of Brookhaven has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Town of Brookhaven, NY

How much do homes in Town of Brookhaven, NY cost?

Median Sold Price

$545,358

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,464(+12.0%)

Key Takeaway

Homes in Town of Brookhaven have sold for 12% more than they did a year ago.

Summary: The median home sold price in Town of Brookhaven was $545,358 in November 2024, up 12% from last year, and the median price per square foot was $318.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222K$230K
+3.6%
2 $370K$410K
+10.8%
3 $475.2K$527.5K
+11.0%
4 $567K$624.7K
+10.2%
5+ $620K$671.2K
+8.3%

Summary: Town of Brookhaven housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Neighborhoods

Yaphank
+46.0%
Medford
+13.7%
Gordon Heights
+12.5%
Town of Brookhaven
+12.0%

Housing Supply in Town of Brookhaven, NY

How many homes are available in Town of Brookhaven, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2,3922,201-8.0%

Summary: The Town of Brookhaven real estate market had 2,201 homes for sale in November 2024, a 8.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 9485
-9.6%
2 405369
-8.9%
3 860795
-7.6%
4 707648
-8.3%
5+ 326304
-6.7%

Summary: The Town of Brookhaven housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
468395-15.6%

Asking Price vs. Sold Price

103 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

240 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Town of Brookhaven, you could pay more than the asking price. 60.8% of homes here sold above asking price last month.

Summary: A total of 395 homes were sold or pending in Town of Brookhaven in November 2024, down by 15.6% month-over-month. Of the 395 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.

Days on Market for Town of Brookhaven, NY

How long does it take to sell a home in Town of Brookhaven, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days48 Days+16.0%

Summary: Homes in Town of Brookhaven had an average of 48 days on market in Nov 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

212 Homes Were Sold
Under 30 Days

131 Homes Were Sold
In 30 - 90 Days

52 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 395 homes were sold in Town of Brookhaven; 54% of homes were sold within 30 days, 33% 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 Town of Brookhaven, NY

Nearby Markets to Town of Brookhaven, NY