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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Islip is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West Islip was a Seller's Market.

Key Takeaway

West Islip 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 West Islip, NY

How much do homes in West Islip, NY cost?

Median Sold Price

$697,500

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$91,833(+15.2%)

Key Takeaway

Homes in West Islip have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in West Islip was $697,500 in November 2024, up 15.2% from last year, and the median price per square foot was $359.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $385K-
N/A
2 $449K$530K
+18.0%
3 $567K$627.5K
+10.7%
4 $626K$750K
+19.8%
5+ $740K$830K
+12.2%

Summary: West Islip housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 12.2%.

Median Sold Price Compared To Nearby Neighborhoods

West Islip
+15.2%
North Babylon
+15.1%
Bay Shore
+11.5%
Baywood
+10.0%
West Bay Shore
+6.5%

Housing Supply in West Islip, NY

How many homes are available in West Islip, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
114109-4.4%

Summary: The West Islip real estate market had 109 homes for sale in November 2024, a 4.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 118
-27.3%
3 2723
-14.8%
4 4750
+6.4%
5+ 2827
-3.6%

Summary: The West Islip 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 decreased by 27.3%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Islip, you could pay more than the asking price. 61.1% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in West Islip in November 2024, down by 14.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.

Days on Market for West Islip, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days51 Days+57.2%

Summary: Homes in West Islip had an average of 51 days on market in Nov 2024, up by 57.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 18 homes were sold in West Islip; 72% of homes were sold within 30 days, 6% 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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