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

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Housing Prices in Brightwaters, NY

How much do homes in Brightwaters, NY cost?

Housing Market Conditions

Is Brightwaters, 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

Brightwaters is a Seller's Market

Difference Since November 2024

Last month, Brightwaters has remained a Seller's Market.

Insight

Brightwaters 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.
$799,500$397/SqFt
+$99,500
+14.2%

Based on all homes sold in December 2024

Insight

Homes in Brightwaters have sold for 14.2% more than they did a month ago.

Summary: The median home sold price in Brightwaters was $799,500 in December 2024, up 14.2% from last month, and the median price per square foot was $397.

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.
BedsNov 2024Dec 2024Change MoM
2--
N/A
3$695K$799.5K
+15.0%
4$790K-
N/A
1--
N/A
5--
N/A

Summary: Brightwaters housing price by bedroom type for December 2024, compared to the previous month. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +15.0%. The home price for 4 bedroom homes did not change. The home price for 1 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Brightwaters, NY

How many homes are available in Brightwaters, 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
11Last MonthDec 2024
142 months agoNov 2024
-21.4 %
Change MoMNov – Dec

Summary: The Brightwaters real estate market had 11 homes for sale in Dec 2024, a 21.4 % 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
6Last MonthDec 2024
52 months agoNov 2024
+20.0 %
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
200
0.0%
397
-22.2%
432
-33.3%
100
0.0%
522
0.0%

Summary: Brightwaters housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -22.2%. The inventory for 4 bedroom homes decreased by -33.3%. The inventory for 1 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Brightwaters, 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 Price2 Homes

At Asking Price0 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Brightwaters, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Brightwaters in December 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and and 33% were sold over asking.

Days on Market for Brightwaters, NY

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

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

Summary: During December 2024, 6 homes were sold in Brightwaters; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.
Last Month1 month agoChange MoM
71 DaysLast MonthDec 2024
78 Days1 month agoNov 2024
-9.3 %
Change MoMNov – Dec

Summary: Homes in Brightwaters had an average listing age of 71 days in Dec 2024, down by 9.3% compared to the previous month.

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Newest Listings in Brightwaters, NY

What homes are available in Brightwaters, NY?

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MLS Disclaimers and Copyright

Based on information from OneKey MLS, for the period 11/01/2024 - 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: 1/19/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.