2022 Q2 Mid-Year Market Report

2022 Mid-Year Analysis

MARKET REPORT January 1st through June 30th

21 Offices Located Throughout Long Island

EAST SETAUKET

HUNTINGTON

MILLER PLACE NORTHPORT SMITHTOWN SEA CLIFF

WOODBURY

EAST NORTHPORT

RONKONKOMA

SYOSSET COLD SPRING HARBOR GARDEN CITY

DIX HILLS BABYLON ROCKVILLE CENTRE WANTAGH MERRICK

COMING SOON*

AMITY HARBOR MASSAPEQUA PARK*

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 SARASOTA a *D ta in this Market Report is sourced from Onekey MLS for Nassau County

Mid-Year Review

A SIZZLIN’ SLOWDOWN? Just like that, we’re halfway through the year! The summer season is in full swing, and while the weather may be heating up, the housing market is starting to oc ol down.

The real estate frenzy of the past two years was marked by intense oc mpetition between buyers and a record low inventory of available homes. Now with soaring market is beginning to show signs of slowing down, u j st as we hit the dog days of summer. Although the market remains strong overall, we are seeing subtle signs of a shift: no longer are there lengthy lines at open houses, the bidding wars are not as

In a recent June real estate market report published by OneKey MLS, lc osed residential single and multi-family homes fell by 15% in Nassau County and 9.7% in Suffolk County when oc mpared to June of 2021. Across the oc untry, the inventory of houses for sale is slowly beginning to rise. In a traditionally balanced housing market, there is typically a 5–6-month supply of inventory for sale. Currently, on long Island, there is a 2.5-month supply of homes for sale. v E en though fewer homes are selling and inventory levels are beginning to tick up, prices oc ntinue to lc imb. In June, the lc osed median home sale price in Nassau was 7$ 40,000, up from last June’s median sale price of 6 $ 59,500, a 12.2% increase. Suffolk County’s median sale price was 5 $ 80,000, a 10.3% u j mp from last year. Many economists predict that home prices will oc ntinue to appreciate but at a slower pace than we have seen over the past two years. eD spite the increase in housing supply today, there are still more buyers than there are homes for sale, which maintains the upward pressure on home prices. Sellers oc ntinue to have the upper hand, but they a c n no longer expect to see as many multiple offer situations or extreme bidding wars as they once did. The pullback in home sales oc upled with slowly rising inventory oc uld be welcome news for buyers that have been desperately trying to purchase a home but were shut out of the market during one of the most active sales periods in history. One of the main oc ncerns for buyers is where the mortgage rates will go in the oc ming months. h W ile no one a c n predict the future, we do know that the record-low mortgage rates seen during the pandemic were an outlier, not the norm.

As always, your Signature rP emier rP operties agent is here to give you the most timely and acu c rate market and pricing information to help you navigate the ever-changing world of real estate. If you’re thinking about buying or selling, give us a a c ll. n E o j y the rest of your summer!

4

Signature Premier Properties

877.273.3750 | signaturepremier.com

BABYLON TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% 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

$454,692

$491,545

8.1%

13

11

32

58

Amityville

$475,184

$559,878

17.8%

87

78

59

50

Babylon

$610,931

$673,896

10.3%

82

95

46

60

Copiague

$463,896

$507,242

9.3%

57

79

44

55

Deer Park

$495,840

$552,768

11.5%

141

123

41

43

Lindenhurst

$463,130

$526,117

13.6%

261

243

46

45

North Babylon

$475,940

$544,750

14.5%

90

81

42

36

West Babylon

$487,178

$536,550

10.1%

194

176

38

47

Wheatley Heights

$459,705

$543,082

18.1%

29

38

69

45

Wyandanch

$342,778

$435,581

27.1%

36

48

72

62

Signature Premier Properties

877.273.3750 | signaturepremier.com

5

BROOKHAVEN TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

%

6

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

Belle Terre

$886,417

$858,500

-3.1%

6

9

70

61

Bellport

$369,923

$420,015

13.5%

39

33

63

63

Blue Point

$529,188

$678,688

28.3%

30

25

77

62

Brookhaven

$548,700

$544,500

-0.8%

22

12

60

48

Center Moriches

$539,369

$717,512

33.0%

53

41

81

78

Centereach

$435,431

$504,567

15.9%

122

131

40

35

Coram

$422,522

$489,844

15.9%

131

81

46

42

East Moriches

$641,722

$645,563

0.6%

30

24

39

44

East Setauket

$581,970

$649,134

11.5%

50

44

55

43

Farmingville

$442,004

$494,888

12.0%

85

85

51

37

Holbrook

$480,522

$553,907

15.3%

101

115

35

34

Holtsville

$505,409

$556,196

10.0%

56

46

29

26

Lake Grove

$519,321

$566,312

9.0%

61

49

36

32

Lake Ronkonkoma $447,307

$484,130

8.2%

41

37

31

33

Manorville

$536,025

$633,845

18.2%

59

61

70

59

Mastic

$318,758

$385,120

20.8%

118

115

41

51

Mastic Beach

$291,900

$340,647

16.7%

134

158

55

71

Medford

$427,411

$500,192

17.0%

146

114

52

52

Signature Premier Properties

877.273.3750 | signaturepremier.com

BROOKHAVEN TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% 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

$400,931

$457,436

14.1%

37

39

72

36

Miller Place

$584,964

$593,806

1.5%

86

64

67

52

Moriches

$544,773

$611,864

12.3%

11

11

94

60

Mt Sinai

$595,031

$635,632

6.8%

65

65

75

52

Patchogue

$409,111

$471,140

15.2%

148

138

45

41

Port Jefferson

$596,568

$657,679

10.2%

44

38

84

55

Pt Jefferson Station $440,563

$513,110

16.5%

139

100

48

42

Ridge

$424,501

$528,295

24.5%

74

56

51

64

Rocky Point

$395,091

$413,078

4.6%

102

125

36

41

Selden

$403,102

$475,666

18.0%

142

135

47

35

Setauket

$684,906

$815,444

19.1%

62

44

77

54

Shirley

$355,571

$414,535

16.6%

214

204

54

49

Shoreham

$540,624

$616,276

14.0%

35

34

43

53

Sound Beach

$375,581

$405,779

8.0%

59

66

53

58

South Setauket

$564,191

$611,070

8.3%

32

20

49

19

Stony Brook

$593,532

$634,528

6.9%

82

81

49

53

Yaphank

$419,232

$604,005

17.3%

22

66

39

44

Signature Premier Properties

877.273.3750 | signaturepremier.com

7

HEMPSTEAD TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% 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

Atlantic Beach

$1,378,182

$1,860,714

35.0%

22

7

89

54

Baldwin

$544,782

$615,265

12.9%

111

101

56

58

Baldwin Harbor

$565,300

$644,000

13.9%

5

4

83

76

Bellerose

$712,491

$812,527

14.0%

67

55

59

71

Bellmore

$610,091

$747,297

22.5%

126

100

54

40

Cedarhurst

$863,278

$988,368

14.5%

27

19

63

74

East Meadow

$629,914

$695,089

10.3%

184

151

56

42

East Rockaway

$614,151

$630,510

2.7%

76

52

58

55

Elmont

$560,972

$636,965

13.5%

132

119

61

50

Floral Park

$714,693

$778,485

8.9%

137

137

63

67

Franklin Square

$644,883

$686,985

6.5%

122

102

60

45

Freeport

$516,503

$566,271

9.6%

167

140

58

56

Garden City

$1,154,788

$1,178,787

2.1%

119

113

55

48

Garden City South $671,125

$633,571

-5.6%

12

7

52

51

Hewlett

$762,249

15.0%

30

26

92

72

$1,641,250

-9.8%

10

12

275

109

Hewlett Harbor

8

$663,113 $1,820,000

Signature Premier Properties

877.273.3750 | signaturepremier.com

HEMPSTEAD TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% Town

Hewlett Neck

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

$1,499,500

-

0

2

0

138

Inwood

$576,462

$581,557

0.9%

13

14

173

54

Island Park

$583,605

$620,273

6.3%

62

44

74

58

Lawrence

$1,451,182

$1,272,500

-12.3%

11

12

62

114

Levittown

$539,950

$611,237

13.2%

258

246

44

38

Lido Beach

$1,108,881

$1,161,429

4.7%

21

14

81

124

Long Beach

$807,041

$924,577

14.6%

134

113

85

84

Lynbrook

$595,047

$645,849

8.5%

114

97

50

54

Malverne

$608,346

$680,324

11.8%

70

48

60

39

Merrick

$729,136

$750,285

2.9%

203

181

63

52

Mineola

$649,654

$756,919

16.5%

69

80

69

52

New Hyde Park

$724,435

$781,636

7.9%

189

169

71

68

North Baldwin

$527,324

$587,023

11.3%

40

43

53

49

North Bellmore

$631,311

$657,170

4.1%

75

71

50

37

North Merrick

$581,286

$563,983

-3.0%

7

6

79

48

Oceanside

$624,752

$691,304

10.7%

175

169

58

49

Pt Lookout

$1,206,167

$1,424,070

18.1%

9

10

98

73

Rockville Centre

$804,376

$915,608

13.8%

130

110

69

54

Roosevelt

$452,910

$514,330

13.6%

50

50

84

52

S. Hempstead

$528,385

$583,321

10.4%

13

14

49

50

Stewart Manor

$633,357

$738,200

16.6%

14

5

57

112

Uniondale

$502,455

$564,179

12.3%

67

56

50

73

Valley Stream

$583,207

$637,414

9.3%

243

202

58

49

Wantagh

$637,224

$714,045

12.1%

181

161

46

46

West Hempstead

$590,577

$675,222

14.3%

95

105

55

56

Woodmere

$856,425

$1,036,012

21.0%

60

52

101

65

Signature Premier Properties

877.273.3750 | signaturepremier.com

9

HUNTINGTON TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

%

10

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

Centerport

$737,149

$842,504

14.3%

45

41

67

48

Cold Spring Harbor $1,545,659

$1,500,540

-2.9%

22

25

84

71

Commack

$643,558

$729,414

13.3%

156

119

41

32

Dix Hills

$907,824

$995,782

9.7%

176

149

66

61

East Northport

$587,482

$684,372

16.5%

154

142

34

33

Ft Salonga

$1,121,802

$963,896

-14.1%

9

15

46

50

Greenlawn

$665,927

$767,517

15.3%

42

45

65

27

Huntington

$704,526

$801,487

13.8%

256

207

51

40

Huntington Bay

$1,811,000

$1,213,363

-33.0%

12

11

93

46

Huntington Station $485,909

$549,864

13.2%

149

125

45

43

Lloyd Harbor

$1,822,989

$2,423,536

32.9%

46

14

127

43

Lloyd Neck

$1,266,813

$1,146,000

-9.5%

16

4

122

100

Melville

$796,908

$891,301

11.8%

86

76

69

57

Northport

$835,150

$911,476

9.1%

138

76

74

54

South Huntington

$607,157

$601,923

-0.9%

35

13

43

21

Signature Premier Properties

877.273.3750 | signaturepremier.com

ISLIP TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% 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

$456,592

$539,972

18.3%

247

171

51

47

Bayport

$645,918

$698,919

8.2%

45

26

64

92

Blue Point

$529,188

$678,688

28.2%

30

25

45

62

Bohemia

$434,474

$561,648

29.3%

38

44

62

46

Brentwood

$411,010

$484,847

18.0%

121

147

59

49

Brightwaters

$693,325

$748,364

7.9%

20

11

56

42

Central Islip

$380,439

$436,489

14.7%

113

94

50

43

East Islip

$617,588

$726,389

17.6%

83

73

68

58

Great River

$810,000

$868,333

7.2%

2

3

22

19

Holbrook

$480,525

$553,907

15.3%

101

115

53

34

Holtsville

$505,409

$556,196

10.0%

56

46

27

26

Islandia

$451,889

$506,667

12.1%

18

6

63

30

Islip

$561,574

$551,159

-1.9%

57

63

72

48

Islip Terrace

$484,711

$543,759

12.2%

45

29

47

38

Lake Ronkonkoma

$447,307

$484,130

8.2%

41

37

36

33

Oakdale

$559,581

$640,853

14.5%

37

45

55

56

Ronkokoma

$456,182

$516,611

13.2%

162

142

41

39

Sayville

$555,893

$659,333

18.6%

69

49

49

37

West Islip

$592,131

$729,589

23.2%

139

100

41

39

West Sayville

$503,000

$590,625

17.4%

11

8

22

33

Signature Premier Properties

877.273.3750 | signaturepremier.com

11

NORTH HEMPSTEAD TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

%

12

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

Albertson

$755,778

$865,176

14.5%

27

29

75

59

Carle Place

$678,944

$715,750

5.4%

18

12

88

41

East Hills

$1,343,479

$1,393,778

3.7%

43

22

80

78

East Williston

$1,006,754

$1,202,000

19.4%

13

11

112

30

Floral Park

$715,543

$778,485

8.8%

136

137

63

67

Great Neck

$1,580,000

$1,573,718

-0.4%

182

159

90

90

Manhasset

$1,820,902

$2,060,127

13.1%

103

79

90

76

Manhasset Hills

$997,500

$1,149,716

15.3%

12

18

39

43

Port Washington

$998,119

$1,043,902

4.6%

113

120

69

54

Roslyn

$1,136,440

$1,405,809

23.7%

32

40

71

58

Roslyn Estates

$1,536,667

$1,562,200

1.7%

3

5

78

90

Roslyn Harbor

$1,782,500

$1,108,000

-37.8%

8

3

132

39

Rosyn Heights

$1,074,686

$1,139,079

6.0%

43

38

107

64

Sands Point

$3,202,368

$3,409,668

6.5%

32

18

156

169

Searingtown

$1,217,000

$1,361,688

11.9%

4

8

84

52

Westbury

$594,701

$677,508

13.9%

207

154

64

50

Williston Park

$736,436

$772,845

4.9%

32

29

66

37

Signature Premier Properties

877.273.3750 | signaturepremier.com

Surfer’s Way Outing EMPOWERING CHILDREN WITH SPECIAL NEEDS

TUESDAY AUGUST 16 RIVERSIDE BEACH, LONG BEACH

S s9 a/ bee9 )9E9 E Ec c,dse9 /^eca, 9eed/ a9d cseae a ^es/E9a, /e9/e Ef accE5^,/5e9N T sE S sfesq/ a…, W e·es… c,d ca9 a·e e ca9ce E e»^ese9cefsee edE5Ef/s9,se asd,e// Ef e sca,,e9e/N TEse/es…Esc,d,^,ea/ee5a, SurfersWay@gmail.coma9d9c,de: C,dq/9a5eANDae Pase9/Gasda99a5ea9dcE9acD O9Dae^sefessedN YE,,sece·ee5a,cE9s5aE9e9…Es c,d/se/esedN

Signature Premier Properties is a proud sponsor

Signature Premier Properties

877.273.3750 | signaturepremier.com

13

OYSTER BAY TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

%

14

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

$768,183

$757,598

-1.4%

37

46

98

72

Bethpage

$593,563

$652,708

10.0%

112

108

50

39

Brookville

$2,288,571

$2,662,647

16.3%

14

17

201

108

Centre Island

$5,350,000

$2,287,500

-57.2%

2

2

410

33

Cove Neck

$1,600,000

$-

-100.0%

1

0

671

0

East Norwich

$762,474

$736,770

-3.4%

19

11

46

61

Farmingdale

$562,890

$604,271

7.4%

129

121

51

43

Glen Cove

$753,165

$835,961

11.0%

100

95

73

61

Glen Head

$851,323

$931,161

9.4%

31

31

67

45

Glenwood Landing $644,250

$787,125

22.2%

4

8

53

28

Greenvale

$875,833

$763,250

-12.9%

6

4

26

34

Hicksville

$604,149

$669,303

10.8%

211

192

56

51

Jericho

$1,020,015

$1,124,785

10.3%

77

60

86

59

Lattingtown

$2,515,083

$2,818,250

12.1%

6

4

121

139

Laurel Hollow

$1,821,533

$3,803,384

108.8%

15

9

127

96

Locust Valley

$1,151,893

$1,198,655

4.1%

42

32

64

97

Massapequa

$629,790

$698,588

10.9%

277

248

52

45

Signature Premier Properties

877.273.3750 | signaturepremier.com

OYSTER BAY TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% 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

$628,866

$695,334

11.9%

128

118

52

36

Muttontown

$1,670,674

$2,076,706

-7.9%

23

34

128

143

North Massapequa $623,442

$623,800

32.9%

6

5

89

33

Old Bethpage

$779,458

$850,363

22.1%

20

30

57

37

Old Brookville

$2,034,500

$2,523,938

-24.6%

25

8

163

108

Old Westbury

$2,581,620

$3,294,800

-1.4%

25

15

197

105

Oyster Bay

$808,186

$948,750

-14.0%

26

24

93

92

Oyster Bay Cove

$2,225,656

$1,950,643

57.6%

16

21

159

110

Plainview

$735,437

$844,034

8.0%

180

151

63

49

Sea Cliff

$974,305

$1,008,385

25.9%

43

26

110

49

Seaford

$577,288

$657,580

14.8%

102

94

51

41

Syosset

$903,835

$1,110,759

12.2%

161

131

71

60

Upper Brookville

$2,103,846

$2,421,200

34.6%

13

10

139

159

Westbury

$594,701

$677,508

12.8%

207

154

64

50

Woodbury

$1,286,970

$1,355,513

22.6%

33

31

101

80

Signature Premier Properties

877.273.3750 | signaturepremier.com

15

SMITHTOWN TOWNSHIP MARKET REPORT 2022 Mid-Year Analysis • January 1st - June 30th

% Town

Average Sales Price 2022

YoY Change

No. Homes Sold 2021

No. Homes Sold 2022

No. Days on Market 2021

No. Days on Market 2022

$729,414

13.3%

156

119

41

32

$679,595

8.4%

72

74

53

48

Head of the Harbor $818,000

$1,266,000

54.8%

5

5

223

69

Kings Park

$554,020

$604,881

9.2%

87

76

36

41

Lake Ronkonkoma

$447,307

$484,130

8.2%

41

37

36

33

Nesconset

$581,507

$608,024

4.6%

52

69

42

48

Nissequogue

$1,198,333

$1,475,889

23.2%

12

9

99

71

Smithtown

$600,623

$700,391

16.6%

170

139

56

37

St James

$683,007

$777,032

13.8%

91

64

64

69

Commack Hauppauge

16

Average Sales Price 2021 $643,558 $627,108

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

SEA CLIFF 305 Sea Cliff Avenue Sea Cliff, NY 11579 Office: 516.671.1717

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

MERRICK 324 Merrick Avenue Merrick, NY 11566 Office: 516.546.6300

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

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

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

NORTHPORT 180 Main Street Northport, NY 11768 Office: 631.754.3600

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

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

WANTAGH 1867 Wantagh Avenue Wantagh, NY 11793 Office: 516.785.0100

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

WOODBURY 7952 Jericho Turnpike Woodbury, NY 11797 Office: 516.496.0300

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

SAYVILLE 95 Main Street Sayville, NY 11782 Office: 631.567.0100

Signature Premier Properties

MAIN: 877.273.3750

877.273.3750 | signaturepremier.com