2022 Q1 Market Report

2022 First Quarter Analysis

M A R K E T R E P O RT January 1st through March 31st

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 BABYLON ROCKVILLE CENTRE WANTAGH MERRICK

AMITY HARBOR

SAYVILLE

Table of Contents Babylon Township

WADING RIVER

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

Annual Report We can all agree the warmer weather is a welcomed change after a long winter. The spring season is traditionally a time when the market starts to take off as buyers and sellers are looking to make a change and there is enough supply of new listings to satisfy the demand. However, nothing about the past few years has been traditional. Despite the challenges of low inventory and rising rates, buyer activity remains strong.

This wild ride of a real estate market can be attributed to three main underlying factors: Interest rates At the time of writing this the current rate for a 30-year fixed-rate mortgage is 5%, the highest it’s been since 2012. The first three months of 2022 was a shock for many, as the interest rates increased faster than any of the economists predicted. As rates climbed, it added to the frenzy of buyers looking to secure a property to take advantage of the lower rates while they could.

There are even more rate increases predicted for this year which goes hand in hand with higher price expectations. This shift in mortgage rates will likely continue to affect buyer and seller behavior moving forward, and it’s something we will keep a close watch on over the coming months.

Inflation Right now, inflation is at a 40-year high. The cost of goods and services is increasing. What effect this will have on the real estate market is yet to be seen because demand remains through the roof. We have homes in most towns selling at or above their list price in record time. In the first quarter, we’ve seen double-digit appreciation in many towns across Nassau and Suffolk counties.

Inventory Inventory across the country is historically the lowest it has ever been, that includes Long Island.

We’re seeing more listings coming to market as the weather breaks and we enter the spring season, but homes are leaving the market just as fast as they come on. Nationally 85% of all homes that were listed across the country in the month of March were on the market for less than 30 days.

While fewer homes sold across Long Island this year compared to last it is NOT due to a lack of buyer demand. Our agents are continuing to report long lines and multiple offer situations at many open houses. This strong demand for homes has continued to drive prices to levels not seen before. In Nassau County, the median single-family home price in March was $683,000, an increase of 9.3% from March of 2021. While in Suffolk, March’s median sale price of $550,000 reflects a 13.6% jump from the same period of time last year.

The strong seller’s market that kicked off in 2020 has carried over and continues to strengthen well into 2022. If you’re looking for the most up-to-date real estate market trends on Long Island, we’ve got you covered!

4

Signature Premier Properties

877.273.3750 | signaturepremier.com

BABYLON TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Amity Harbor

$374,625

$493,655

31.8%

4

6

41

70

Amityville

$460,644

$548,484

19.1%

49

31

61

54

Babylon

$628,964

$717,277

14.0%

45

46

54

71

Copiague

$424,538

$488,764

15.1%

26

44

44

42

Deer Park

$484,097

$531,356

9.8%

68

52

51

40

Lindenhurst

$460,717

$516,759

12.2%

125

115

43

45

North Babylon

$483,577

$530,363

9.7%

47

40

42

42

West Babylon

$479,725

$544,945

13.6%

92

83

37

58

Wheatley Heights $478,875

$538,765

12.5%

16

17

91

46

$346,217

$422,956

22.2%

18

25

73

59

Wyandanch

Signature Premier Properties

877.273.3750 | signaturepremier.com

5

BROOKHAVEN TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

6

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Belle Terre

$851,500

$802,000

-5.8%

3

5

91

70

Bellport

$343,500

$424,344

23.5%

16

16

28

63

Blue Point

$497,143

$693,438

39.5%

14

13

21

77

Brookhaven

$559,743

$536,000

-4.2%

14

6

57

60

Center Moriches

$530,271

$627,650

18.4%

26

20

49

81

Centereach

$417,122

$494,239

18.5%

57

56

34

40

Coram

$416,974

$457,317

9.7%

60

35

59

46

East Moriches

$637,598

$760,727

19.3%

17

11

63

39

East Setauket

$586,673

$650,012

10.8%

26

26

53

55

Farmingville

$430,167

$487,125

13.2%

36

36

76

51

Holbrook

$450,809

$553,355

22.7%

49

55

55

35

Holtsville

$505,318

$558,278

10.5%

31

27

34

29

Lake Grove

$499,542

$506,654

1.4%

38

26

52

36

Lake Ronkonkoma $453,700

$431,214

-5.0%

20

14

45

31

Manorville

$499,531

$601,707

20.5%

32

27

64

70

Mastic

$298,616

$369,956

23.9%

49

50

52

41

Mastic Beach

$284,235

$344,747

21.3%

59

75

54

64

Medford

$426,490

$487,608

14.3%

80

60

53

52

Signature Premier Properties

877.273.3750 | signaturepremier.com

BROOKHAVEN TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Middle Island

$396,429

$445,794

12.5%

17

17

108

53

Miller Place

$541,906

$580,769

7.2%

46

26

67

58

Moriches

$542,313

$483,833

-10.8%

8

3

77

60

Mt Sinai

$565,371

$622,093

10.0%

35

32

61

53

Patchogue

$406,591

$471,178

15.9%

81

67

37

40

Port Jefferson

$590,159

$629,263

6.6%

22

19

67

68

Pt Jefferson Station $412,699

$517,511

25.4%

69

43

46

48

Ridge

$428,158

$514,704

20.2%

38

26

41

66

Rocky Point

$383,519

$414,255

8.0%

52

67

36

48

Selden

$399,774

$470,419

17.7%

67

70

36

38

Setauket

$618,982

$869,163

40.4%

28

20

81

49

South Setauket

$522,152

$565,876

8.4%

17

12

49

21

Shirley

$351,459

$400,489

14.0%

111

110

57

56

Shoreham

$543,852

$588,071

8.1%

24

14

47

46

Sound Beach

$374,681

$412,379

10.1%

32

34

41

54

Stony Brook

$576,240

$618,801

7.4%

34

42

48

45

Wading River

$524,517

$622,859

18.7%

146

40

56

50

Yaphank

$361,236

$542,600

50.2%

11

5

38

62

Signature Premier Properties

877.273.3750 | signaturepremier.com

7

HEMPSTEAD TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

8

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Atlantic Beach

$1,288,636

$2,348,750

82.3%

11

4

95

46

Baldwin

$513,918

$590,118

14.8%

57

49

65

61

Baldwin Harbor

$550,375

$600,000

9.0%

4

2

92

71

Bellerose

$716,000

$777,400

8.6%

34

35

57

87

Bellmore

$590,224

$737,084

24.9%

68

50

48

46

Cedarhurst

$777,679

$832,700

7.1%

14

10

100

61

East Meadow

$610,863

$678,473

11.1%

86

73

50

47

East Rockaway

$586,705

$652,250

11.2%

44

30

58

63

Elmont

$562,137

$618,962

10.1%

71

71

50

52

Floral Park

$623,421

$673,140

8.0%

63

50

69

43

Franklin Square

$698,719

$740,786

6.0%

57

63

73

68

Freeport

$485,184

$553,363

14.1%

84

58

63

65

Garden City

$1,142,800

$1,082,915

-5.2%

50

54

56

62

Garden City South $668,083

$559,333

-16.3%

6

3

31

70

Hewlett

$652,844

$703,900

7.8%

16

10

76

84

Hewlett Harbor

$2,731,250

$1,695,500

-37.9%

4

8

206

118

Signature Premier Properties

877.273.3750 | signaturepremier.com

HEMPSTEAD TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2021

Hewlett Neck

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

$1,495,500

No. Homes Sold 2022

No. Days on Market 2021

2

No. Days on Market 2022 138

Inwood

$603,571

$587,614

-2.6%

7

7

265

50

Island Park

$578,970

$579,625

0.1%

33

20

74

50

Lawrence

$1,485,333

$1,276,778

-14.0%

9

9

67

130

Levittown

$515,848

$590,874

14.5%

137

116

42

46

Lido Beach

$815,375

$1,007,500

23.6%

8

6

80

151

Long Beach

$863,096

$821,273

-4.8%

63

43

95

121

Lynbrook

$577,595

$645,463

11.8%

49

44

44

66

Malverne

$606,348

$650,788

7.3%

33

28

71

40

Merrick

$714,371

$749,848

5.0%

96

101

65

50

Mineola

$628,048

$741,512

18.1%

33

43

72

52

New Hyde Park

$698,543

$766,679

9.8%

91

84

81

85

North Baldwin

$505,893

$600,048

18.6%

22

21

58

40

North Bellmore

$645,143

$635,027

-1.6%

43

33

67

33

North Merrick

$585,800

$511,250

-12.7%

5

4

54

66

Oceanside

$613,147

$675,473

10.2%

91

84

62

53

Pt Lookout

$860,000

$1,663,640

93.4%

2

5

317

92

Rockville Centre

$829,679

$863,107

4.0%

70

51

71

58

Roosevelt

$463,288

$518,665

12.0%

20

23

114

64

S. Hempstead

$482,857

$584,778

21.1%

7

9

21

47

Stewart Manor

$594,250

$726,333

22.2%

4

3

32

161

Uniondale

$491,917

$548,148

11.4%

30

27

52

60

Valley Stream

$563,083

$627,694

11.5%

121

104

57

52

Wantagh

$629,311

$691,023

9.8%

80

91

49

52

West Hempstead

$595,041

$661,205

11.1%

46

53

51

62

Woodmere

$856,279

$885,218

3.4%

35

23

108

69

Signature Premier Properties

877.273.3750 | signaturepremier.com

9

HUNTINGTON TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

10

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Centerport

$740,717

$681,500

-8.0%

23

14

69

76

Cold Spring Harbor

$1,610,036

$1,341,944

-16.7%

14

9

81

76

Commack

$626,848

$727,321

16.0%

79

53

44

42

Dix Hills

$862,516

$900,553

4.4%

91

87

78

68

East Northport

$577,385

$675,299

17.0%

89

68

37

41

Ft Salonga

$858,740

$693,998

-19.2%

3

4

23

79

Greenlawn

$654,514

$664,608

1.5%

22

14

53

41

Huntington

$690,020

$747,327

8.3%

130

106

54

46

Huntington Bay

$1,844,400

$1,135,875

-38.4%

5

8

150

56

Huntington Station $472,977

$515,165

8.9%

76

57

49

43

Lloyd Harbor

$1,616,667

$2,384,167

47.5%

21

6

160

69

Lloyd Neck

$1,347,500

$1,199,500

-11.0%

10

2

122

11

Melville

$760,550

$837,815

10.2%

50

44

64

70

Northport

$750,397

$874,946

16.6%

70

37

68

53

South Huntington

$564,125

$607,083

7.6%

20

12

47

22

Signature Premier Properties

877.273.3750 | signaturepremier.com

ISLIP TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Average Sales Price 2021 Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days On Market 2021

No. Days On Market 2022

Bay Shore

$448,702

$541,278

20.6%

140

81

50

49

Bayport

$644,591

$699,540

8.5%

22

10

47

38

Blue Point

$497,143

$693,438

39.5%

14

13

40

77

Bohemia

$478,759

$536,400

12.0%

17

20

52

33

Brentwood

$398,862

$476,579

19.5%

66

70

52

53

Brightwaters

$632,167

$751,667

18.9%

9

3

17

18

Central Islip

$371,966

$416,917

12.1%

57

42

61

50

East Islip

$568,021

$727,118

28.0%

37

34

61

64

Great River

$810,000

$872,500

100.0%

2

2

22

19

Holbrook

$496,888

$553,355

11.6%

50

55

40

35

Holtsville

$502,986

$558,278

11.0%

32

27

36

29

Islandia

$449,800

$482,500

7.3%

10

2

79

35

Islip

$498,225

$526,273

5.6%

28

33

61

46

Islip Terrace

$481,188

$552,500

14.8%

16

12

61

58

Lake Ronkonkoma

$452,095

$431,214

-4.6%

21

14

31

31

Oakdale

$569,000

$611,017

7.4%

20

23

64

63

Ronkokoma

$447,594

$508,005

13.5%

90

75

42

33

Sayville

$572,537

$599,591

4.7%

41

22

47

31

West Islip

$575,977

$737,898

28.1%

69

50

37

52

West Sayville

$473,000

$578,333

22.1%

7

3

24

41

Signature Premier Properties

877.273.3750 | signaturepremier.com

11

NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

12

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Albertson

$754,875

$833,429

10.4%

16

14

89

74

Carle Place

$712,909

$665,833

-6.6%

11

6

56

54

East Hills

$1,356,256

$1,235,833

-8.9%

16

15

70

96

East Williston

$939,686

$1,361,000

44.8%

7

5

92

41

Floral Park

$698,719

$740,786

6.0%

57

63

73

68

Great Neck

$1,380,137

$1,495,184

8.3%

75

80

91

99

Manhasset

$1,831,719

$1,884,133

2.9%

55

30

96

79

Manhasset Hills

$952,250

$1,237,413

29.9%

4

7

53

51

Port Washington

$1,002,935

$986,380

-1.7%

48

60

78

63

Roslyn

$1,085,643

$1,367,587

26.0%

14

16

109

72

Roslyn Estates

$1,695,000

$1,788,000

5.5%

2

2

93

21

Roslyn Harbor

$1,450,000

$1,108,000

-23.6%

4

3

141

39

Rosyn Heights

$1,109,813

$1,160,222

4.5%

24

18

121

94

Sands Point

$4,007,500

$3,831,969

-4.4%

12

8

137

93

Searingtown

$1,134,000

$1,398,333

23.3%

2

3

39

82

Westbury

$579,981

$678,674

17.0%

102

90

58

49

Williston Park

$703,059

$694,727

-1.2%

16

11

78

48

Signature Premier Properties

877.273.3750 | signaturepremier.com

here we

Grow again “Be not afraid of growing slowly.

Be afraid only of standing still.”

M AS SA P EQ UA PA R K 1000 Park Boulevard, Massapequa Park, NY

SA RAS OTA 1433 Main Street, Sarasota, FL

Signature Premier Properties

877.273.3750 | signaturepremier.com

13

OYSTER BAY TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Bayville

$824,800

$690,659

-16.3%

15

22

101

57

Bethpage

$563,392

$617,921

9.7%

51

47

56

36

Brookville

$2,305,000

$3,637,000

57.8%

8

2

186

176

Centre Island

$3,200,000

$3,750,000

17.2%

1

1

637

8

East Norwich

$771,125

$729,300

-5.4%

8

5

42

58

Farmingdale

$567,348

$605,643

6.7%

55

60

41

57

Glen Cove

$756,741

$857,908

13.4%

44

49

65

55

Glen Head

$827,682

$828,938

0.2%

22

16

83

66

Glenwood Landing $575,000

$658,400

14.5%

1

5

32

35

Greenvale

$810,667

$830,000

2.4%

3

1

39

64

Hicksville

$602,821

$649,883

7.8%

103

92

65

63

Jericho

$953,948

$1,138,693

19.4%

34

32

100

79

Lattingtown

$2,545,500

$2,450,000

-3.8%

1

1

15

19

Laurel Hollow

$1,500,000

$1,997,500

33.2%

7

2

155

30

Locust Valley

$1,288,205

$1,067,067

-17.2%

22

15

81

93

Massapequa

$611,019

$691,173

13.1%

133

121

52

50

Cove Neck

14

Signature Premier Properties

877.273.3750 | signaturepremier.com

OYSTER BAY TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Massapequa Park

$621,734

$655,037

5.4%

62

53

44

47

Muttontown

$1,650,115

$2,051,522

24.3%

13

23

103

146

North Massapequa $535,000

$619,667

15.8%

2

3

213

39

Old Bethpage

$779,014

$799,899

2.7%

12

11

79

62

Old Brookville

$1,942,333

$2,521,000

29.8%

15

4

158

97

Old Westbury

$2,835,063

$1,961,889

-30.8%

16

9

205

104

Oyster Bay

$771,361

$829,700

7.6%

12

10

124

91

Oyster Bay Cove

$1,912,500

$1,800,042

-5.9%

5

12

222

102

Plainview

$729,187

$814,000

11.6%

78

80

63

54

Sea Cliff

$1,038,339

$915,938

-11.8%

24

16

94

62

Seaford

$555,609

$621,419

11.8%

49

44

54

52

Syosset

$859,997

$1,140,921

32.7%

80

60

84

58

Upper Brookville

$1,489,167

$2,326,414

56.2%

6

7

53

161

Westbury

$579,981

$678,674

17.0%

102

90

58

49

Woodbury

$1,209,923

$1,933,646

59.8%

13

13

44

101

Signature Premier Properties

877.273.3750 | signaturepremier.com

15

SMITHTOWN TOWNSHIP MARKET REPORT 2022 First Quarter Analysis • January 1st - March 31st

% Town

16

Average Sales Price 2021

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

Commack

$626,848

$727,321

16.0%

79

53

44

42

Hauppauge

$594,885

$653,792

9.9%

39

36

42

53

Head of the Harbor $847,500

$1,195,000

41.0%

2

3

386

106

Kings Park

$555,349

$594,703

7.1%

48

32

39

45

Lake Ronkonkoma

$453,700

$431,214

-5.0%

20

14

45

31

Nesconset

$539,877

$582,155

7.8%

22

29

40

55

Nissequogue

$1,181,250

$1,381,250

16.9%

4

4

60

62

Smithtown

$570,584

$714,928

25.3%

81

65

57

45

St James

$623,820

$686,655

10.1%

46

21

69

61

Signature Premier Properties

877.273.3750 | signaturepremier.com

Signature Premier Properties

877.273.3750 | signaturepremier.com

17

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

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

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

MERRICK 324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300

SYOSSET 33 Jackson Avenue Syosset, NY 11791 Office: 516.921.1400

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

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

WADING RIVER 6347 Route 25A Wading River, NY 11792 Office: 631.495.5678

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

NORTHPORT 180 Main Street Northport, NY 11768 Office: 631.754.3600

WANTAGH 1867 Wantagh Avenue Wantagh, NY 11793 Office: 516.785.0100

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

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

WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300

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

RONKONKOMA 4949 Express Drive N Suite 104 Ronkonkoma, NY 11779 Office: 631.585.8400 SAYVILLE 95 Main Street Sayville, NY 11782 Office: 631.567.0100

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

18

Signature Premier Properties

MAIN: 877.273.3750

877.273.3750 | signaturepremier.com