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 October 2023

Since last year, Wading River has remained a Seller'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

$670,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-2.2%)

Key Takeaway

Homes in Wading River have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Wading River was $670,000 in October 2024, down 2.2% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $405K$422K
+4.2%
2 $521K$441.2K
-15.3%
3 $560K$597.5K
+6.7%
4 $750K$810K
+8.0%
5+ $903K$940K
+4.1%

Summary: Wading River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Neighborhoods

Calverton
+20.0%
East Shoreham
+8.3%
Town of Riverhead
+7.0%
Wading River
-2.2%
Baiting Hollow
-11.3%

Housing Supply in Wading River, NY

How many homes are available in Wading River, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4447+6.8%

Summary: The Wading River real estate market had 47 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 57
+40.0%
3 1415
+7.1%
4 1815
-16.7%
5+ 78
+14.3%

Summary: The Wading River housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wading River, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Wading River in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
69 Days46 Days-32.5%

Summary: Homes in Wading River had an average of 46 days on market in Oct 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wading River are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Wading River; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Wading River, NY

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