Is Huntington, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Huntington is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Huntington was a Seller's Market.

Key Takeaway

Huntington is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Huntington, NY

How much do homes in Huntington, NY cost?

Median Sold Price

$779,789

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$54,813(+7.6%)

Key Takeaway

Homes in Huntington have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Huntington was $779,789 in May 2024, up 7.6% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $340K$350K
+2.9%
2 $535K$575K
+7.5%
3 $650K$688.1K
+5.9%
4 $751.6K$825K
+9.8%
5+ $1.1M$1.1M
-2.7%

Summary: Huntington housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

Northport
+9.8%
Lloyd Harbor
+8.8%
Huntington
+7.6%

Housing Supply in Huntington, NY

How many homes are available in Huntington, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
819950+16.0%

Summary: The Huntington real estate market had 950 homes for sale in May 2024, a 16.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1011
+10.0%
2 6367
+6.3%
3 238276
+16.0%
4 296346
+16.9%
5+ 212250
+17.9%

Summary: The Huntington housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 17.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
116144+24.1%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

89 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Huntington, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.

Summary: A total of 144 homes were sold or pending in Huntington in May 2024, up by 24.1% month-over-month. Of the 144 sold homes, 30% were sold under asking, 8% were sold at asking, and 62% were sold over asking.

Days on Market for Huntington, NY

How long does it take to sell a home in Huntington, NY?

Average Sale Time

May 2023May 2024CHANGE
63 Days39 Days-37.6%

Summary: Homes in Huntington had an average of 39 days on market in May 2024, down by 37.6% compared to last year.

Breakdown of Home Sale Times

99 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Huntington are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 144 homes were sold in Huntington; 69% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Huntington, NY

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