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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Town of Oyster Bay is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Town of Oyster Bay was a Seller's Market.

Key Takeaway

Town of Oyster Bay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Town of Oyster Bay, NY

How much do homes in Town of Oyster Bay, NY cost?

Median Sold Price

$829,571

$458/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$79,571(+10.6%)

Key Takeaway

Homes in Town of Oyster Bay have sold for 10.6% more than they did a year ago.

Summary: The median home sold price in Town of Oyster Bay was $829,571 in November 2024, up 10.6% from last year, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $265K$285K
+7.5%
2 $602.5K$649.5K
+7.8%
3 $684.6K$750K
+9.6%
4 $766.5K$836.4K
+9.1%
5+ $1.2M$1.3M
+12.9%

Summary: Town of Oyster Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Neighborhoods

Hicksville
+14.8%
Bethpage
+11.2%
Levittown
+11.2%
Town of Oyster Bay
+10.6%
Plainview
+10.6%

Housing Supply in Town of Oyster Bay, NY

How many homes are available in Town of Oyster Bay, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,2321,177-4.5%

Summary: The Town of Oyster Bay real estate market had 1,177 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2019
-5.0%
2 4847
-2.1%
3 365342
-6.3%
4 393375
-4.6%
5+ 406394
-3.0%

Summary: The Town of Oyster Bay 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 2.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
209186-11.0%

Asking Price vs. Sold Price

74 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

92 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Town of Oyster Bay, you could pay more than the asking price. 49.5% of homes here sold above asking price last month.

Summary: A total of 186 homes were sold or pending in Town of Oyster Bay in November 2024, down by 11.0% month-over-month. Of the 186 sold homes, 40% were sold under asking, 11% were sold at asking, and 49% were sold over asking.

Days on Market for Town of Oyster Bay, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days48 Days-10.1%

Summary: Homes in Town of Oyster Bay had an average of 48 days on market in Nov 2024, down by 10.1% compared to last year.

Breakdown of Home Sale Times

91 Homes Were Sold
Under 30 Days

67 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 186 homes were sold in Town of Oyster Bay; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% 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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