14 hours on Rocket
$8,182 Closing Credit¹
#835301, Listing Office: Douglas Elliman Real Estate
Town of Smithtown Housing Market Report February 2025•Suffolk County, New York
Housing Prices in Town of Smithtown, NY
How much do homes in Town of Smithtown, NY cost?
Housing Market Conditions
Is Town of Smithtown, NY a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Town of Smithtown is a Seller's Market
Difference Since February 2024
At the same time last year, Town of Smithtown was a Neutral Market.
Insight
Town of Smithtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$745,720$359/SqFt
+$64,470
+9.5%
Based on all homes sold in the last 12 months
Insight
Homes in Town of Smithtown have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Town of Smithtown was $745,720 in February 2025, up 9.5% from last year, and the median price per square foot was $359.
Median Sold Price By Neighborhoods
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Saint James | $575K | $679.2K | +18.1% |
| Kings Park | $629K | $697K | +10.8% |
| Town of Smithtown | $681.2K | $745.7K | +9.5% |
| Stony Brook | $650K | $700K | +7.7% |
| Fort Salonga | $945K | $1.0M | +6.6% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $362K | $410K | +13.3% |
| 22 Bedrooms | $502.5K | $540K | +7.5% |
| 33 Bedrooms | $631.5K | $690.1K | +9.3% |
| 44 Bedrooms | $733K | $800K | +9.1% |
| 55+ Bedrooms | $850K | $885K | +4.1% |
Summary: Town of Smithtown housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +13.3%. The home price for 2 bedroom homes increased by +7.5%. The home price for 3 bedroom homes increased by +9.3%. The home price for 4 bedroom homes increased by +9.1%. The home price for 5 bedroom homes increased by +4.1%.
How does Town of Smithtown, NY compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Town of Smithtown, NY
Housing supply in Town of Smithtown, NY
How many homes are available in Town of Smithtown, NY?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 273Last MonthFeb 2025 | ||
| 3462 months agoJan 2025 | -21.1 % Change MoMJan – Feb |
Summary: The Town of Smithtown real estate market had 273 homes for sale in Feb 2025, a 21.1 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 54Last MonthFeb 2025 | ||
| 1042 months agoJan 2025 | -48.1 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 9 | 11 | +22.2% |
| 22 Bedrooms | 22 | 14 | -36.4% |
| 33 Bedrooms | 90 | 82 | -8.9% |
| 44 Bedrooms | 152 | 109 | -28.3% |
| 55+ Bedrooms | 73 | 57 | -21.9% |
Summary: Town of Smithtown housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +22.2%. The inventory for 2 bedroom homes decreased by -36.4%. The inventory for 3 bedroom homes decreased by -8.9%. The inventory for 4 bedroom homes decreased by -28.3%. The inventory for 5 bedroom homes decreased by -21.9%.
Asking Price vs. Sold Price
How much do homes in Town of Smithtown, NY cost?
Over Asking Price35 Homes
At Asking Price2 Homes
Under Asking Price17 Homes
Insight
If you're buying a home in Town of Smithtown, you could pay more than the asking price. 64.8% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in Town of Smithtown in February 2025, down by 48.1% month-over-month. Of the 54 sold homes, 31% were sold under asking, 4% were sold at asking, and and 65% were sold over asking.
Days on Market for Town of Smithtown, NY
How long does it take to sell a home in Town of Smithtown, NY?
Breakdown of Home Sale Times
Under 30 Days22 Homes
30 – 90 Days13 Homes
Over 90 Days19 Homes
Insight
Many homes in Town of Smithtown are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 54 homes were sold in Town of Smithtown; 41% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 59 DaysThis YearFeb 2025 | ||
| 55 Days1 year agoFeb 2024 | +7.4 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Town of Smithtown had an average listing age of 59 days in Feb 2025, up by 7.4% compared to the previous year.
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Newest Listings in Town of Smithtown, NY
What homes are available in Town of Smithtown, NY?
19 hours on Rocket
$10,000 Closing Credit¹
#835033, Listing Office: Thomas S. Hennerty
21 hours on Rocket
$10,000 Closing Credit¹
#832065, Listing Office: Shea & Sanders Real Estate Inc
22 hours on Rocket
$10,000 Closing Credit¹
#819974, Listing Office: Keller Williams Points North
Coming soon
$10,000 Closing Credit¹
#834916, Listing Office: Signature Premier Properties
1 day on Rocket
$4,156 Closing Credit¹
#834885, Listing Office: Potter Properties LLC
1 day on Rocket
$9,975 Closing Credit¹
#834836, Listing Office: Opendoor Brokerage LLC
Coming soon
$9,963 Closing Credit¹
#830680, Listing Office: Voro LLC
1 day on Rocket
$10,000 Closing Credit¹
#830004, Listing Office: Coldwell Banker American Homes
1 day on Rocket
$7,719 Closing Credit¹
#834257, Listing Office: OverSouth LLC
1 day on Rocket
$10,000 Closing Credit¹
#831600, Listing Office: RE/MAX Integrity Leaders
1 day on Rocket
$5,106 Closing Credit¹
#834450, Listing Office: Coldwell Banker American Homes
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Based on information from OneKey MLS, and Global MLS for the period 03/01/2023 - 03/01/2025
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. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 3/14/2025, 9:11:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Copyright © 2025 Global Multiple Listing Service, Inc. 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: 3/14/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.