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Market Flash: Setting Sights on Seaford Real Estate

01/17/2022
House For Sale Sign Seaford

As the first few weeks of 2022 offer a moment for reflection on how the year that was 2021 closed in local real estate, Seaford exhibited a market that was up and down through the year and wrapped on an up-tick. The sale to list price percentage and the number of homes that sold above list were both up, while the average number of days homes stayed on the market dropped. What else is happening? Welcome to this week’s Long Island HOME Market Flash as we head to Seaford, NY.

Seaford homes sold for a median price of $615,000 in December, an increase of 0.8% over the $610,000 from the same time a year ago, according to Redfin. Five years ago, the average median price was $460,000. Over the past year, the median price showed monthly fluctuations as high as $640,000 in July and as low as $542,500 in January and March 2021.

Seaford Median Home Sales Price Five-Year Lookback
December 2016 $460,000
December 2017 $478,000
December 2018 $475,444
December 2019 $571,250
December 2020 $610,000

Among all the Seafordhomes that sold in December 2021, the sale-to-list price of 102.6% represents an increase of 3.1% over 2020—third highest such number of the year (104.1% in September and 104.5% in June, which marked the five-year high.

The number of homes showing a drop in price was 15.8%, an increase of 0.8% year on-year. And overall, fewer homes were sold in Seaford year on year—19 homes sold in December 2021, a decrease of 9.52% versus the 21 in same time period last year.

Supply and demand still seems to be driving speedy sales, as homes for sale in Seaford stayed on the market for a median average of 23 days, a 16% drop from the 39-day average we saw the year prior. The five-year low of 18 days on market came back in June of 2021, while the high-water mark since 2016 was f114 days in March 2017.

Read more Long Island HOME Market Flash here.