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

Fri May 03 2024
This week the median list price for East Norwich, NY 11732 is $2,448,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 8. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

East Norwich, NY 11732

Fri May 03 2024
This week the median list price for East Norwich, NY 11732 is $2,448,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 8. 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

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the East Norwich market.
Median List Price $2,448,000
Median Price of New Listings $0
Per Square Foot $546
Average Days on Market 270
Median Days on Market 39
Price Decreased 63%
Price Increased 0%
Relisted 25%
Inventory 8
Median Rent
Market Action 41
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$4,550,000 9,813 2.5 - 5 acres 6 6 66 0 0 707
$3,998,000 6,481 2.5 - 5 acres 6 6 12 0 0 325
$1,243,000 2,440 0.5 - 1 acre 3 3.5 56 0 1 42
$827,000 1,662 4,500 - 6,500 sqft 5 2.5 70 0 1 7