Is West Bay Shore, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Bay Shore is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West Bay Shore has remained a Seller's Market.

Key Takeaway

West Bay Shore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Bay Shore, NY

How much do homes in West Bay Shore, NY cost?

Median Sold Price

$675,000

$368/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+7.1%)

Key Takeaway

Homes in West Bay Shore have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in West Bay Shore was $675,000 in October 2024, up 7.1% from last year, and the median price per square foot was $368.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $600K$625K
+4.2%
3 $620.1K$673K
+8.5%
4 $630K$775K
+23.0%
5+ $746.7K$890K
+19.2%

Summary: West Bay Shore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 19.2%.

Median Sold Price Compared To Nearby Neighborhoods

West Islip
+15.0%
Town of Islip
+11.7%
West Bay Shore
+7.1%

Housing Supply in West Bay Shore, NY

How many homes are available in West Bay Shore, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4340-7.0%

Summary: The West Bay Shore real estate market had 40 homes for sale in October 2024, a 7.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2118
-14.3%
4 1214
+16.7%
5+ 43
-25.0%

Summary: The West Bay Shore housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Bay Shore, you could pay more than the asking price. 88.9% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in West Bay Shore in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 0% were sold under asking, 11% were sold at asking, and 89% were sold over asking.

Days on Market for West Bay Shore, NY

How long does it take to sell a home in West Bay Shore, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days20 Days-56.9%

Summary: Homes in West Bay Shore had an average of 20 days on market in Oct 2024, down by 56.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Bay Shore are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in West Bay Shore; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in West Bay Shore, NY

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