Maria Babaev | Luxury Homes Market Report

Oyster Bay, NY 11771

Single-Family Homes

DOUGLAS ELLIMAN REAL ESTATE | LuxuryLongIsland.com | maria@luxurylongisland.com


Oyster Bay, NY 11771

Sun Nov 24 2024
This week the median list price for Oyster Bay, NY 11771 is $3,199,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 34. Click here to stay informed with the Oyster Bay market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Oyster Bay, NY 11771

Sun Nov 24 2024
This week the median list price for Oyster Bay, NY 11771 is $3,199,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 34. Click here to stay informed with the Oyster Bay market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Oyster Bay market.
Median List Price $3,199,000
Median Price of New Listings $1,599,000
Per Square Foot $569
Average Days on Market 183
Median Days on Market 130
Price Decreased 35%
Price Increased 6%
Relisted 3%
Inventory 34
Median Rent
Market Action 28
Slight Buyer's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$8,694,444 10,015 2.5 - 5 acres 6 8.3 26 0 0 178
$5,000,000 7,700 2.5 - 5 acres 6 6.5 46 0 0 122
$2,200,000 5,388 1 - 2.5 acres 5 5.5 66 1 0 168
$1,249,000 2,094 0.25 - 0.5 acre 4 2.5 91 1 1 91