Maria Babaev | Luxury Homes Market Report

East Norwich, NY 11732

Single-Family Homes

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


East Norwich, NY 11732

Sun Nov 24 2024
This week the median list price for East Norwich, NY 11732 is $1,469,000 with the market action index hovering around 34. This is less than last month's market action index of 43. Inventory has held steady at or around 4. Click here to stay informed with the East Norwich market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

East Norwich, NY 11732

Sun Nov 24 2024
This week the median list price for East Norwich, NY 11732 is $1,469,000 with the market action index hovering around 34. This is less than last month's market action index of 43. Inventory has held steady at or around 4. Click here to stay informed with the East Norwich market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the East Norwich market.
Median List Price $1,469,000
Median Price of New Listings $0
Per Square Foot $503
Average Days on Market 68
Median Days on Market 67
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 34
Slight Seller's Advantage

The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.

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
$4,698,000 6,480 1 - 2.5 acres 6 6.5 0 0 0 28
$1,650,000 4,024 - 6 3.5 51 0 0 84
$1,288,000 0 - 3 1.5 73 0 0 112
$1,149,000 2,283 8,000 - 10,000 sqft 3 3 66 0 0 49