Is Islandia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Islandia has remained a Buyer's Market.
Housing Prices in Islandia, NY
How much do homes in Islandia, NY cost?
Median Sold Price
$345,000
$229/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Islandia was $345,000 in May 2024, down 52.4% from last month, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $725K | $483.7K | -33.3% |
3 Bedrooms | - | $300K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Islandia housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 33.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Islandia, NY
How many homes are available in Islandia, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 25 | +19.0% |
Summary: The Islandia real estate market had 25 homes for sale in May 2024, a 19.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Islandia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Islandia in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Islandia, NY
How long does it take to sell a home in Islandia, NY?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 Days | 167 Days | +2295.2% |
Summary: Homes in Islandia had an average of 167 days on market in May 2024, up by 2295.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Islandia; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.