Real Estate Market Update for Patchogue, NY

Video: Real Estate Community Tour for Patchogue, NY

See Real estate community tour for Patchogue, NY
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 29% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 240-thousand dollars. The number of units sold increased 56% year-over-year, and increased 9% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
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Map Information for Patchogue, NY
Area Information for Patchogue, NY
  • Population: 44,925
  • Median Age: 39.95 yr
  • Median Commute Time: 30 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 2,774/sq mi
  • Population Change Since 2000: 4.94%
  • Closest Airport: Long Island Macarthur
  • Closest College: Briarcliffe College
  • Closest Jr. College: Suffolk County Comm Clg-ammerman Campus
  • Median Household Income: $68,999
  • Annual Residential Turnover: 5%
  • Median Home Sales Price: $249,000
  • Closest Major Sports Team: New York Islanders
  • Change Avg. Household Income Since 2000: 26.58%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Patchogue, NY
Median Age: 39.95 Married: 39% Number of Households: 16,433 Households with Children: 4,506
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
      School Data for Patchogue, NY

      School Name Distance Type Grades School Rating Parent Rating
      Medford Elementary School 0.8 mi Public K-5 1 2
      Bay Elementary School 0.9 mi Public K-5 1 0
      Emanuel Lutheran School 0.9 mi Private PRESCHOOL-8 0 0
      Eastern Suffolk Boces (suffolk 1) 0.9 mi Public PRESCHOOL-12 0 0
      Saxton Middle School 1.0 mi Public 6-8 2 0
      Barton Elementary School 1.1 mi Public PRESCHOOL-5 1 0
      Holy Angels Regional School 1.2 mi Catholic PRESCHOOL-8 0 0
      South Ocean Middle School 1.2 mi Public 6-8 1 0
      River Elementary School 1.6 mi Public PRESCHOOL-5 1 0
      Victory Christian Academy 1.7 mi Private PRESCHOOL-12 0 0
      Verne W Critz Elementary School 1.8 mi Public K-3 0 0
      Canaan Elementary School 1.8 mi Public PRESCHOOL-5 1 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Patchogue, NY
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.