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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Town of Islip is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Town of Islip, NY

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

Median Sold Price

$600,629

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,747(+11.3%)

Key Takeaway

Homes in Town of Islip have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Town of Islip was $600,629 in November 2024, up 11.3% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K$275K
+10.0%
2 $410K$455K
+11.0%
3 $525K$582.1K
+10.9%
4 $582K$650K
+11.7%
5+ $615K$675K
+9.8%

Summary: Town of Islip housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Neighborhoods

East Islip
+17.2%
Great River
+13.0%
Islip Terrace
+12.7%
Bay Shore
+11.5%
Town of Islip
+11.3%

Housing Supply in Town of Islip, NY

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,0601,003-5.4%

Summary: The Town of Islip real estate market had 1,003 homes for sale in November 2024, a 5.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4038
-5.0%
2 140123
-12.1%
3 350334
-4.6%
4 319310
-2.8%
5+ 211198
-6.2%

Summary: The Town of Islip housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 6.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
197180-8.6%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

117 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Town of Islip, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 180 homes were sold or pending in Town of Islip in November 2024, down by 8.6% month-over-month. Of the 180 sold homes, 22% were sold under asking, 13% were sold at asking, and 65% were sold over asking.

Days on Market for Town of Islip, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days38 Days-1.5%

Summary: Homes in Town of Islip had an average of 38 days on market in Nov 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

114 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 180 homes were sold in Town of Islip; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 12% 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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