Real Estate Market Update for Mastic, NY
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 2% from one year earlier, and up 7% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 110-thousand dollars. The number of units sold was consistent year-over-year, and decreased 57% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Mastic, NY
Area Information for Mastic, NY
  • Population: 16,280
  • Median Age: 32.25 yr
  • Median Commute Time: 28.35 mins
  • Sales Tax: 8.625%
  • Population Density: 3,947/sq mi
  • Population Change Since 2000: 10.7%
  • Closest Airport: Long Island Macarthur
  • Closest College: Long Island University At Riverhead
  • Closest Jr. College: Suffolk County Comm College-eastern
  • Median Household Income: $75,288
  • Annual Residential Turnover: 11.19%
  • Median Years in Residence: 5.71 yr
  • Median Home Sales Price: $135,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 41%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Mastic, NY
Median Age: 32.25 Married: 29% Number of Households: 4,791 Households with Children: 2,090
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for Mastic, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.