2021 Year To Date Market Report Q3

Page 1

2021 Year-to-Date Analysis

MARKET REPORT

January 1st through September 30th


19 Offices Located Throughout Long Island

HUNTINGTON

EAST SETAUKET MILLER PLACE

NORTHPORT SMITHTOWN WOODBURY EAST NORTHPORT

RONKONKOMA

SYOSSET COLD SPRING HARBOR GARDEN CITY

DIX HILLS

MEDFORD SAYVILLE

BABYLON ROCKVILLE CENTRE WANTAGH MERRICK

AMITY HARBOR


Table of Contents Babylon Township

5

Brookhaven Township

6-7

Hempstead Township

8-9

Huntington Township

10

Islip Township

11

North Hempstead Township

12

Oyster Bay Township

14-15

Smithtown Township

16

THINKING OF MAKING A MOVE? NOW IS THE TIME!

CALL 877.273.3750


Year-to-Date Market Review

COMPETITION REMAINS STRONG Summer has come to an end, and it’s time for all things fall! As we start the feel a chill in the air, the national housing market remains hot. A record low shortage of homes available for sale combined with historically low interest rates have continued to drive home prices to all-time highs in many cities across the country, and the Long Island housing market is no exception. According to data taken from OneKey MLS, September 2021 closed median residential home sales price in Nassau County was $685,000, which represents an increase of 14.3% when compared to September of 2020. Suffolk Counties’ median home sale of $540,000 is a jump of 11.3% over last year’s reported price of $485,000. The total number of available residential listings on the MLS in September 2021 is 12,860, which is 1.4% less than the inventory reported in August. Historically, the pool of buyers thins out in July and August as people are busy enjoying the sweetness of summer by hitting the beach and going on vacations with their families. Compared to last summer, where we saw no shortage of buyers, this year, the market was more in line with a normalized summer market. As we hit September, buyers came back in full force, and we still see increased activity in the marketplace. While you may hear that real estate transactions are stalling and the market is cooling off, technically it is, but only when you compare it to the anomaly that was the 2020 real estate market; however when compared to 2019, which was the last normalized market we saw, we continue to outpace the pre-pandemic year from a sales and pricing standpoint. The seasons are changing, and if you’re thinking about making a move, it’s still never been a better time to sell with the scale continuing to be tipped in the seller’s favor. Competition remains strong, and buyers need to have a competitive edge and stay informed on new listings as they hit the market. Whether you’re buying or selling, your Signature Premier Properties agent is here to give you the most timely and accurate market and pricing information to help you navigate the ever-changing world of real estate.

Best Regards, Peter Morris & Kathy Viard

4

Signature Premier Properties

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BABYLON TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Amity Harbor

$409,916

$483,813

18.0%

12

16

67

44

Amityville

$408,386

$489,657

19.9%

103

128

59

57

Babylon

$595,510

$618,926

3.9%

89

127

80

47

Copiague

$396,238

$476,920

20.4%

122

89

71

44

Deer Park

$433,305

$511,246

18.0%

174

226

57

36

Lindenhurst

$412,205

$475,578

15.4%

291

378

65

44

North Babylon

$414,075

$495,754

19.7%

108

147

54

36

West Babylon

$415,877

$494,286

18.9%

222

299

52

36

Wheatley Heights

$405,324

$474,383

17.0%

28

41

81

57

Wyandanch

$320,093

$361,206

12.8%

53

52

77

69

Town

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5


BROOKHAVEN TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

6

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Belle Terre

$781,429

$993,722

27.2%

7

9

183

83

Bellport

$284,516

$374,448

31.6%

44

67

58

42

Blue Point

$447,363

$536,774

20.0%

24

48

77

37

Brookhaven

$495,821

$551,911

11.3%

28

35

90

61

Center Moriches

$646,760

$568,813

-12.1%

83

80

100

57

Centereach

$385,879

$448,211

16.2%

155

193

64

35

Coram

$358,548

$434,666

21.2%

156

198

79

43

East Moriches

$600,407

$720,651

20.0%

45

44

129

63

East Setauket

$497,457

$606,981

22.0%

67

84

88

47

Farmingville

$398,304

$465,615

16.9%

109

144

77

56

Holbrook

$427,362

$490,849

14.9%

149

166

60

41

Holtsville

$446,975

$535,402

19.8%

70

88

59

31

Lake Grove

$457,593

$530,404

15.9%

86

107

70

54

Lake Ronkonkoma $375,260

$455,200

21.3%

24

62

64

32

Manorville

$471,969

$554,865

17.6%

95

85

105

56

Mastic

$272,081

$332,198

22.1%

144

176

70

49

Medford

$378,171

$445,763

17.9%

236

232

80

48

Signature Premier Properties

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BROOKHAVEN TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Middle Island

$339,255

$411,112

21.2%

53

62

71

68

Miller Place

$479,808

$586,985

22.3%

90

142

101

56

Moriches

$386,297

$546,719

41.5%

15

16

115

84

Mt Sinai

$507,904

$627,532

23.6%

83

107

74

63

Patchogue

$362,540

$420,555

16.0%

157

223

71

43

Port Jefferson

$520,890

$626,010

20.2%

41

72

98

67

Pt Jefferson Station $390,494

$457,258

17.1%

167

240

82

42

Ridge

$356,056

$426,567

19.8%

76

107

80

46

Rocky Point

$333,555

$402,463

20.7%

136

164

73

42

Selden

$352,813

$420,280

19.1%

183

237

65

42

Setauket

$617,121

$723,336

17.2%

66

111

92

58

Shirley

$298,811

$367,365

22.9%

267

215

75

51

Shoreham

$475,899

$585,423

23.0%

63

62

59

42

Sound Beach

$303,242

$387,359

27.7%

76

104

71

59

South Setauket

$445,784

$575,146

29%

37

66

58

42

Stony Brook

$526,637

$591,856

12.4%

105

134

65

39

Yaphank

$375,930

$446,821

18.9%

16

33

75

36

Signature Premier Properties

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7


HEMPSTEAD TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

8

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Atlantic Beach

$966,455

$1,373,735

42.1%

22

34

142

112

Baldwin

$485,260

$568,630

17.2%

137

167

77

52

Baldwin Harbor

$742,500

$613,071

-17.4%

6

7

82

70

Bellerose

$681,731

$730,683

7.2%

45

103

100

54

Bellmore

$609,646

$641,428

5.2%

102

191

79

49

Cedarhurst

$777,115

$890,261

14.6%

26

43

87

65

East Meadow

$562,948

$643,671

14.3%

195

298

64

47

East Rockaway

$549,707

$603,767

9.8%

67

112

87

53

Elmont

$501,453

$567,037

13.1%

147

200

85

54

Floral Park

$651,834

$724,272

11.1%

104

208

70

60

Franklin Square

$583,885

$654,861

12.2%

108

186

84

52

Freeport

$421,674

$525,968

24.7%

209

249

88

59

Garden City

$1,027,414

$1,180,438

14.9%

141

206

80

51

Garden City South $671,333

$686,233

2.2%

12

15

89

62

Hewlett

$693,878

$692,507

-0.2%

43

55

85

74

Hewlett Harbor

$1,271,650

$1,626,611

27.9%

10

18

134

192

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HEMPSTEAD TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Hewlett Neck

$2,162,500

$1,946,250

-10.0%

2

4

88

152

Inwood

$433,250

$578,688

33.6%

14

16

78

147

Island Park

$512,259

$599,049

16.9%

44

94

77

70

Lawrence

$1,392,150

$1,390,389

-0.1%

20

18

114

63

Levittown

$483,158

$551,080

14.1%

296

414

66

39

Lido Beach

$795,510

$1,094,625

37.6%

18

32

142

77

Long Beach

$646,749

$833,318

28.8%

151

222

90

80

Lynbrook

$553,586

$612,052

10.6%

110

178

70

47

Malverne

$535,556

$622,066

16.2%

57

103

73

55

Merrick

$648,138

$733,689

13.2%

230

319

83

53

Mineola

$609,467

$670,902

10.1%

67

106

81

61

New Hyde Park

$713,951

$745,194

4.4%

138

290

81

65

North Baldwin

$465,231

$531,562

14.3%

58

66

66

44

North Bellmore

$554,519

$641,890

15.8%

81

128

73

41

North Merrick

$574,688

$576,556

0.3%

8

9

39

64

Oceanside

$552,727

$634,066

14.7%

206

262

83

52

Pt Lookout

$902,556

$1,203,875

33.4%

9

14

101

86

Rockville Centre

$760,735

$840,043

10.4%

156

195

87

59

Roosevelt

$417,685

$465,940

11.6%

84

75

74

68

S. Hempstead

$481,471

$521,353

8.3%

12

17

96

58

Stewart Manor

$639,083

$631,632

-1.2%

6

19

69

52

Uniondale

$424,734

$507,192

19.4%

54

91

76

50

Valley Stream

$539,562

$589,789

9.3%

246

389

66

55

Wantagh

$579,484

$630,015

8.7%

189

260

62

41

West Hempstead

$511,775

$597,971

16.8%

109

154

75

49

Woodmere

$830,123

$915,730

10.3%

48

102

89

79

Signature Premier Properties

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9


HUNTINGTON TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

$700,783

$747,946

6.7%

57

78

75

51

Cold Spring Harbor $1,176,443

$1,670,588

42.0%

18

40

112

76

Commack

$542,620

$672,926

24.0%

177

277

57

37

Dix Hills

$789,250

$954,768

21.0%

221

300

92

54

East Northport

$548,420

$611,850

11.6%

221

260

63

31

Ft Salonga

$780,000

$1,125,623

44.3%

12

18

79

35

Greenlawn

$568,990

$691,398

21.5%

58

70

68

56

Huntington

$664,375

$742,603

11.8%

307

418

75

53

Huntington Bay

$1,213,188

$1,715,375

41.4%

16

16

113

99

Huntington Station $442,270

$496,931

12.4%

173

238

57

40

Lloyd Harbor

$1,746,797

$2,164,123

23.9%

24

65

173

115

Lloyd Neck

$935,000

$1,425,364

52.4%

4

22

117

105

Melville

$765,669

$798,449

4.3%

106

131

74

58

Northport

$718,500

$838,158

16.7%

175

221

97

65

South Huntington

$572,801

$625,382

9.2%

39

51

75

42

Centerport

10

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ISLIP TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Avg. Sales Price 2020

Avg. Sales Price 2021

YoY Change

Homes Sold 2020

Homes Sold 2021

Days 0n Market 2020

Days 0n Market 2021

Bay Shore

$416,024

$485,340

16.7%

294

359

58

53

Bayport

$553,366

$657,376

18.8%

52

76

77

54

Bohemia

$360,112

$495,865

37.7%

49

71

81

52

Brentwood

$367,385

$420,949

14.6%

164

199

72

52

Brightwaters

$594,907

$725,407

21.9%

27

27

57

67

Central Islip

$344,770

$392,358

13.8%

150

167

77

48

East Islip

$515,596

$626,109

21.4%

84

125

67

67

Great River

$662,625

$1,053,750

59.0%

8

8

55

68

Holbrook

$427,362

$490,933

14.9%

149

167

60

40

Holtsville

$446,975

$535,402

19.8%

70

88

59

31

Islandia

$362,706

$453,365

25.0%

17

26

65

58

Islip

$477,453

$588,195

23.2%

77

93

51

61

Islip Terrace

$410,225

$492,599

20.1%

69

76

55

47

Lake Ronkonkoma $375,260

$455,200

21.3%

24

62

64

32

Oakdale

$532,022

$589,876

10.9%

58

80

52

44

Ronkokoma

$395,706

$468,195

18.3%

208

261

61

37

Sayville

$484,322

$571,665

18.0%

78

107

82

48

West Islip

$534,690

$625,967

17.1%

144

233

51

40

Town

Signature Premier Properties

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11


NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

12

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Albertson

$814,629

$806,302

-1.0%

35

43

69

59

Carle Place

$548,405

$688,277

25.5%

21

35

73

70

East Hills

$1,315,321

$1,356,600

3.1%

56

66

115

67

East Williston

$953,094

$1,053,040

10.5%

18

20

138

87

Floral Park

$651,834

$724,272

11.1%

104

208

70

60

Great Neck

$1,445,664

$1,609,701

11.3%

129

310

112

83

Manhasset

$1,853,688

$1,859,564

0.3%

148

189

96

77

Manhasset Hills

$923,353

$1,018,778

10.3%

17

18

60

35

Port Washington

$1,052,449

$1,056,979

0.4%

164

206

77

58

Roslyn

$1,069,011

$1,237,225

15.7%

25

55

73

60

Roslyn Estates

$1,506,429

$1,324,765

-12.1%

7

9

76

44

Roslyn Harbor

$1,062,813

$1,793,333

68.7%

8

9

152

127

Roslyn Heights

$1,193,362

$1,114,966

-6.6%

53

74

124

93

Sands Point

$3,110,750

$3,278,039

5.4%

38

46

155

140

Searingtown

$1,079,400

$1,189,333

10.2%

5

9

138

54

Westbury

$523,735

$606,194

15.7%

160

295

71

56

Williston Park

$637,682

$761,179

19.4%

34

50

70

52

Signature Premier Properties

877.273.3750 | signaturepremier.com


g n i v i g s k than

FO O D D R I V E

This year we would love to be able to provide 650 families with all the fixings for Thanksgiving dinner. If you would like to donate, please fill one of our Signature Cares bags with the items below. All donations needed by November 15th.

items to buy: • Box Mashed Potatoes • Can of String Beans • Can of Corn • Can of Cranberry Sauce • Turkey Gravy • Box of Stuffing • Box of Cranberry Bread, Pumpkin bread, Brownies, or similar mix

Signature Premier Properties

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13


OYSTER BAY TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

14

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Bayville

$601,828

$811,570

34.9%

38

61

194

88

Bethpage

$526,716

$597,020

13.3%

126

189

69

46

Brookville

$1,600,500

$2,368,654

48.0%

10

26

166

186

Centre Island

$2,751,250

$3,966,667

44.2%

8

3

309

275

Cove Neck

$2,446,250

$1,600,000

N/A

4

1

175

671

East Norwich

$668,775

$753,067

12.6%

20

30

95

48

Farmingdale

$488,824

$574,137

17.5%

146

205

69

47

Glen Cove

$616,486

$768,822

24.7%

122

164

102

69

Glen Head

$814,620

$901,144

10.6%

50

59

118

59

Glenwood Landing $587,750

$772,444

31.4%

6

9

121

39

Greenvale

$691,153

$733,545

6.1%

4

11

93

44

Hicksville

$541,744

$618,239

14.1%

202

326

64

50

Jericho

$921,752

$1,050,700

14.0%

59

126

97

68

Lattingtown

$1,421,000

$2,049,136

44.2%

12

11

169

124

Laurel Hollow

$1,835,353

$1,868,677

1.8%

21

31

106

90

Locust Valley

$1,012,446

$1,211,777

19.7%

36

56

143

72

Massapequa

$578,536

$632,374

9.3%

346

463

73

48

Signature Premier Properties

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OYSTER BAY TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Massapequa Park

$571,060

$648,769

13.6%

125

203

80

47

Muttontown

$1,806,267

$2,011,004

11.3%

30

39

192

134

North Massapequa $503,517

$626,956

24.5%

10

8

97

71

Old Bethpage

$661,061

$797,163

20.6%

33

40

92

48

Old Brookville

$2,616,056

$2,275,257

-13.0%

18

35

173

140

Old Westbury

$2,310,000

$2,463,286

6.6%

26

42

234

171

Oyster Bay

$795,056

$824,925

3.8%

24

49

128

78

Oyster Bay Cove

$1,456,722

$2,162,848

48.5%

18

23

104

159

Plainview

$686,371

$744,395

8.5%

186

196

81

50

Sea Cliff

$808,760

$1,001,259

23.8%

43

75

112

93

Seaford

$525,901

$599,447

14.0%

147

173

74

43

Syosset

$837,128

$929,276

11.0%

161

263

94

57

Upper Brookville

$1,583,658

$2,091,923

32.1%

12

26

245

130

Westbury

$523,735

$606,194

15.7%

160

295

71

56

Woodbury

$1,064,382

$1,306,575

22.8%

38

67

100

75

Signature Premier Properties

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15


SMITHTOWN TOWNSHIP MARKET REPORT 2021 Year-to-Date Analysis • January 1st - September 30th

% Town

16

Average Sales Price 2020

Average Sales Price 2021

YoY Change

No. Homes Sold 2020

No. Homes Sold 2021

No. Days on Market 2020

No. Days on Market 2021

Commack

$542,620

$672,926

24.0%

177

277

57

37

Hauppauge

$536,872

$647,228

20.6%

100

131

58

50

Head of the Harbor $1,127,367

$992,500

-12.0%

15

10

167

174

Kings Park

$495,164

$526,433

6.3%

101

139

76

33

Lake Ronkonkoma

$375,260

$455,200

21.3%

24

62

64

32

Nesconset

$515,885

$613,960

19.0%

89

104

75

35

Nissequogue

$1,117,333

$1,270,088

13.7%

18

17

212

99

Smithtown

$540,608

$628,769

16.3%

231

292

77

45

St James

$589,613

$676,135

14.7%

102

140

90

54

Signature Premier Properties

877.273.3750 | signaturepremier.com


Signature Premier Properties

877.273.3750 | signaturepremier.com

17


18

AMITY HARBOR 90 Montauk Highway Amity Harbor, NY 11701 Office: 631.842.8400

HUNTINGTON 157 East Main Street Huntington, NY 11743 Office: 631.673.3700

SAYVILLE 95 Main Street Sayville, NY 11782 Office: 631.567.0100

BABYLON 126 W Main Street Babylon, NY 11702 Office: 631.422.3100

MEDFORD 3080 Route 112 Medford NY 11763 Office: 631.512.4520

SMITHTOWN 7 West Main Street Smithtown, NY 11787 Office: 631.360.2800

COLD SPRING HARBOR 157 Main Street Cold Spring Harbor, NY 11724 Office: 631.692.4800

MERRICK 324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300

SYOSSET 33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400

DIX HILLS 15 East Deer Park Road Dix Hills, NY 11746 Office: 631.673.3900

MILLER PLACE 275 Route 25A Miller Place, NY 11764 Office: 631.642.2300

WANTAGH 1867 Wantagh Avenue Wantagh, NY 11793

EAST NORTHPORT 190 Laurel Road East Northport, NY 11731 Office: 631.368.6800

NORTHPORT 180 Main Street Northport, NY 11768 Office: 631.754.3600

EAST SETAUKET 750 Route 25A East Setauket, NY 11733 Office: 631.751.2111

ROCKVILLE CENTRE 75 Seaman Avenue Rockville Centre, NY 11570 Office: 516.766.7900

GARDEN CITY 730 Franklin Avenue Garden City, NY 11530 Office: 516.741.4333

RONKONKOMA 4949 Express Drive N Suite 104 Ronkonkoma, NY 11779 Office: 631.585.8400

Signature Premier Properties

WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300

MAIN: 877.273.3750

877.273.3750 | signaturepremier.com


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