Is Wyandanch, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wyandanch is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Wyandanch 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 Wyandanch, NY

How much do homes in Wyandanch, NY cost?

Median Sold Price

$490,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,901(+9.6%)

Key Takeaway

Homes in Wyandanch have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Wyandanch was $490,000 in October 2024, up 9.6% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $385K-
N/A
2 $366.2K$297.5K
-18.8%
3 $423.5K$445K
+5.1%
4 $465K$529.5K
+13.9%
5+ $535K$562.5K
+5.1%

Summary: Wyandanch 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 decreased by 18.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Neighborhoods

Melville
+17.7%
Deer Park
+10.4%
Wyandanch
+9.6%
Wheatley Heights
+7.3%
West Babylon
+7.0%

Housing Supply in Wyandanch, NY

How many homes are available in Wyandanch, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5762+8.8%

Summary: The Wyandanch real estate market had 62 homes for sale in October 2024, a 8.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2120
-4.8%
4 1616
0.0%
5+ 1722
+29.4%

Summary: The Wyandanch 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 increased by 33.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wyandanch, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Wyandanch in October 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Wyandanch, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days25 Days+43.5%

Summary: Homes in Wyandanch had an average of 25 days on market in Oct 2024, up by 43.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Wyandanch; 78% of homes were sold within 30 days, 22% 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 17 Days Ago

Newest Listings in Wyandanch, NY

Nearby Markets to Wyandanch, NY