Is Brookhaven, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brookhaven has remained a Neutral Market.
Housing Prices in Brookhaven, NY
How much do homes in Brookhaven, NY cost?
Median Sold Price
$509,166
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brookhaven was $509,166 in April 2024, up 8.1% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202.5K | $225K | +11.1% |
2 Bedrooms | $364.7K | $392.8K | +7.7% |
3 Bedrooms | $459.9K | $500K | +8.7% |
4 Bedrooms | $550K | $580K | +5.5% |
5+ Bedrooms | $607.1K | $630K | +3.8% |
Summary: Brookhaven housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Bellport | $455K | $530K | +16.5% |
Patchogue | $455K | $506K | +11.2% |
Brookhaven | $470.8K | $509.1K | +8.1% |
Lake Grove | $607.5K | $624.5K | +2.8% |
Shoreham | $625K | $632K | +1.1% |
Housing Supply in Brookhaven, NY
How many homes are available in Brookhaven, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,039 | 2,273 | +11.5% |
Summary: The Brookhaven real estate market had 2,273 homes for sale in April 2024, a 11.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 71 | 82 | +15.5% |
2 Bedrooms | 400 | 411 | +2.8% |
3 Bedrooms | 665 | 754 | +13.4% |
4 Bedrooms | 637 | 740 | +16.2% |
5+ Bedrooms | 266 | 286 | +7.5% |
Summary: The Brookhaven housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 7.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
308 | 333 | +8.1% |
Asking Price vs. Sold Price
100 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
188 Homes Were Sold
Over Asking
Summary: A total of 333 homes were sold or pending in Brookhaven in April 2024, up by 8.1% month-over-month. Of the 333 sold homes, 30% were sold under asking, 14% were sold at asking, and 56% were sold over asking.
Days on Market for Brookhaven, NY
How long does it take to sell a home in Brookhaven, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 52 Days | -12.8% |
Summary: Homes in Brookhaven had an average of 52 days on market in Apr 2024, down by 12.8% compared to last year.
Breakdown of Home Sale Times
179 Homes Were Sold
Under 30 Days
103 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Summary: During April 2024, 333 homes were sold in Brookhaven; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.