Listing Office: Sothebys Intl Realty Hamptons
Suffolk County Housing Market Report December 2024•Suffolk County, New York
Housing Prices in Suffolk County, NY
How much do homes in Suffolk County, NY cost?
Housing Market Conditions
Is Suffolk County, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Suffolk County is a Seller's Market
Difference Since December 2023
Since last year, Suffolk County has remained a Seller's Market.
Suffolk County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Suffolk County have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Suffolk County was $629,080 in December 2024, up 10.7% from last year, and the median price per square foot was $358.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Suffolk County | $568.2K | $629K | +10.7% |
Nassau County | $690.9K | $762.7K | +10.4% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $254.9K | $280.8K | +10.2% |
22 Bedrooms | $420.7K | $459.9K | +9.3% |
33 Bedrooms | $539.8K | $598.4K | +10.8% |
44 Bedrooms | $640.3K | $700.8K | +9.4% |
55+ Bedrooms | $729.1K | $774.6K | +6.2% |
Summary: Suffolk County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +10.2%. The home price for 2 bedroom homes increased by +9.3%. The home price for 3 bedroom homes increased by +10.8%. The home price for 4 bedroom homes increased by +9.4%. The home price for 5 bedroom homes increased by +6.2%.
Housing supply in Suffolk County, NY
How many homes are available in Suffolk County, NY?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
5,602Last MonthDec 2024 | ||
6,1652 months agoNov 2024 | -9.1 % Change MoMNov – Dec |
Summary: The Suffolk County real estate market had 5,602 homes for sale in Dec 2024, a 9.1 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
1,024Last MonthDec 2024 | ||
1,1372 months agoNov 2024 | -9.9 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 193 | 184 | -4.7% |
22 Bedrooms | 802 | 718 | -10.5% |
33 Bedrooms | 2,070 | 1,805 | -12.8% |
44 Bedrooms | 1,956 | 1,812 | -7.4% |
55+ Bedrooms | 1,144 | 1,083 | -5.3% |
Summary: Suffolk County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -4.7%. The inventory for 2 bedroom homes decreased by -10.5%. The inventory for 3 bedroom homes decreased by -12.8%. The inventory for 4 bedroom homes decreased by -7.4%. The inventory for 5 bedroom homes decreased by -5.3%.
Asking Price vs. Sold Price
How much do homes in Suffolk County, NY cost?
Over Asking Price575 Homes
At Asking Price107 Homes
Under Asking Price342 Homes
If you're buying a home in Suffolk County, you could pay more than the asking price. 56.2% of homes here sold above asking price last month.
Summary: A total of 1,024 homes were sold or pending in Suffolk County in December 2024, down by 9.9% month-over-month. Of the 1024 sold homes, 33% were sold under asking, 10% were sold at asking, and and 56% were sold over asking.
Days on Market for Suffolk County, NY
How long does it take to sell a home in Suffolk County, NY?
Breakdown of Home Sale Times
Under 30 Days545 Homes
30 – 90 Days348 Homes
Over 90 Days130 Homes
Many homes in Suffolk County are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1024 homes were sold in Suffolk County; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
44 DaysThis YearDec 2024 | ||
47 Days1 year agoDec 2023 | -6.8 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Suffolk County had an average listing age of 44 days in Dec 2024, down by 6.8% compared to the previous year.
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Newest Listings in Suffolk County, NY
What homes are available in Suffolk County, NY?
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Based on information from OneKey MLS, Columbia Greene Northern Dutchess Multiple Listing Service, New York State Alliance of MLS, Brooklyn MLS, and Global MLS for the period 01/01/2023 - 01/01/2025
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.
The 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.
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Last updated on: 1/17/2025, 10:11:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/17/2025, 10:16:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/17/2025, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/17/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 1/17/2025, 10:21:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.