11731 Housing Market Report December 2024•Suffolk County, New York

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Housing Prices in 11731, NY

How much do homes in 11731, NY cost?

Housing Market Conditions

Is 11731, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

11731 is a Seller's Market

Difference Since December 2023

Since last year, 11731 has remained a Seller's Market.

Insight

11731 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$730,000$363/SqFt
+$30,000
+4.3%

Based on all homes sold in the last 12 months

Insight

Homes in 11731 have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in 11731 was $730,000 in December 2024, up 4.3% from last year, and the median price per square foot was $363.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
11740
+18.1%
11754
+12.1%
11725
+6.4%
11768
+5.0%
11731
+4.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$537.7K$540K
0.4%
3$625K$686.5K
+9.8%
4$725K$751.5K
+3.7%
5$812.5K$932.5K
+14.8%

Summary: 11731 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by 0.4%. The home price for 3 bedroom homes increased by +9.8%. The home price for 4 bedroom homes increased by +3.7%. The home price for 5 bedroom homes increased by +14.8%.

Housing supply in 11731, NY

How many homes are available in 11731, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
88Last MonthDec 2024
902 months agoNov 2024
-2.2 %
Change MoMNov – Dec

Summary: The 11731 real estate market had 88 homes for sale in Dec 2024, a 2.2 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
21Last MonthDec 2024
142 months agoNov 2024
+50.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
231
-66.7%
33335
+6.1%
43937
-5.1%
51515
0.0%

Summary: 11731 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -66.7%. The inventory for 3 bedroom homes increased by +6.1%. The inventory for 4 bedroom homes decreased by -5.1%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 11731, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price13 Homes

At Asking Price2 Homes

Under Asking Price6 Homes

Insight

If you're buying a home in 11731, you could pay more than the asking price. 61.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 11731 in December 2024, up by 50.0% month-over-month. Of the 21 sold homes, 29% were sold under asking, 10% were sold at asking, and and 62% were sold over asking.

Days on Market for 11731, NY

How long does it take to sell a home in 11731, NY?

Breakdown of Home Sale Times

Under 30 Days16 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in 11731 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 21 homes were sold in 11731; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
36 DaysThis YearDec 2024
45 Days1 year agoDec 2023
-19.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 11731 had an average listing age of 36 days in Dec 2024, down by 19.6% compared to the previous year.

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Newest Listings in 11731, NY

What homes are available in 11731, NY?

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, for the period 01/01/2023 - 01/01/2025

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 1/22/2025, 8:11:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.