Is Wading River, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wading River is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Wading River was a Buyer's Market.

Key Takeaway

Wading River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wading River, NY

How much do homes in Wading River, NY cost?

Median Sold Price

$685,440

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,440(+1.5%)

Key Takeaway

Homes in Wading River have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Wading River was $685,440 in November 2024, up 1.5% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $405K$422K
+4.2%
2 $478K$447.5K
-6.4%
3 $548.5K$600K
+9.4%
4 $750K$830K
+10.7%
5+ $896.5K$1.0M
+16.8%

Summary: Wading River housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 16.8%.

Median Sold Price Compared To Nearby Neighborhoods

Calverton
+9.1%
East Shoreham
+7.3%
Town of Riverhead
+5.4%
Wading River
+1.5%
Baiting Hollow
-8.8%

Housing Supply in Wading River, NY

How many homes are available in Wading River, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4843-10.4%

Summary: The Wading River real estate market had 43 homes for sale in November 2024, a 10.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 1615
-6.3%
4 1612
-25.0%
5+ 76
-14.3%

Summary: The Wading River 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 increased by 14.3%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wading River, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Wading River in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Wading River, NY

How long does it take to sell a home in Wading River, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days72 Days+84.1%

Summary: Homes in Wading River had an average of 72 days on market in Nov 2024, up by 84.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

7 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 Wading River has remained consistent over time.

Summary: During November 2024, 9 homes were sold in Wading River; 0% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 22% 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

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