$10,000 Closing Credit*
$979,900
3,200 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker American Homes
Is Town of Smithtown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Town of Smithtown was a Seller's Market.
Key Takeaway
Town of Smithtown 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 Smithtown, NY
How much do homes in Town of Smithtown, NY cost?
Median Sold Price
$729,200
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,312(+9.0%)
Key Takeaway
Homes in Town of Smithtown have sold for 9% more than they did a year ago.
Summary: The median home sold price in Town of Smithtown was $729,200 in November 2024, up 9% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $401K | +13.0% |
| 2 Bedrooms | $495K | $534.8K | +8.0% |
| 3 Bedrooms | $620K | $675K | +8.9% |
| 4 Bedrooms | $719.6K | $790K | +9.8% |
| 5+ Bedrooms | $850K | $870K | +2.4% |
Summary: Town of Smithtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Fort Salonga | $880K | $1.1M | +26.1% |
| Saint James | $555K | $655K | +18.0% |
| Kings Park | $600K | $672.5K | +12.1% |
| Town of Smithtown | $668.8K | $729.2K | +9.0% |
| Stony Brook | $650K | $694K | +6.8% |
Housing Supply in Town of Smithtown, NY
How many homes are available in Town of Smithtown, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 480 | 449 | -6.5% |
Summary: The Town of Smithtown real estate market had 449 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 37 | 31 | -16.2% |
| 3 Bedrooms | 142 | 126 | -11.3% |
| 4 Bedrooms | 188 | 187 | -0.5% |
| 5+ Bedrooms | 104 | 95 | -8.7% |
Summary: The Town of Smithtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 74 | -25.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Town of Smithtown, you could pay more than the asking price. 52.7% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in Town of Smithtown in November 2024, down by 25.3% month-over-month. Of the 74 sold homes, 36% were sold under asking, 11% were sold at asking, and 53% were sold over asking.
Days on Market for Town of Smithtown, NY
How long does it take to sell a home in Town of Smithtown, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 53 Days | +44.3% |
Summary: Homes in Town of Smithtown had an average of 53 days on market in Nov 2024, up by 44.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Town of Smithtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 74 homes were sold in Town of Smithtown; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.