Reasons to Move to Suffolk County, NY
Prospective homebuyers are clearly taking advantage of the current interest rates and numerous government assistance programs. These interest rates mean homebuyers in Suffolk County can now afford much more house for the same monthly payment compared to when rates are higher. Motivated and opportunistic sellers in Suffolk County can field multiple offers from more qualified buyers, making it a dynamic market for both buyers and sellers.
What type of property to buy in Suffolk County,
Our extensive database in Suffolk County includes 5 preforeclosures, foreclosure auction properties, bankruptcies, REOs (real estate owned by lenders), and properties from HUD, VA, Fannie Mae, and other government agencies in Suffolk County. We also feature listings from over 100 corporate sellers. Our information is updated daily, sourced directly from these entities, ensuring you receive the freshest and most accurate data. This meticulously compiled and organized collection makes your search as straightforward as possible. Only www.foreclosure.com offers this unparalleled, trustworthy resource, backed by our commitment to providing expert, authoritative, and up-to-date information. Visit our FAQ section to read more about the different listing types and how to purchase them.
Pros and Cons of Living in Suffolk County, NY
How do you know that living in—or moving to— Suffolk County is the right choice for you? Perhaps you grew up in Suffolk County or already live nearby, making the decision to buy a home here a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Suffolk County for work or just looking for a fresh start, understanding the neighborhood from afar (online) can be challenging and exhausting.
Here are some expert tips to consider when shopping for foreclosed homes for sale in Suffolk County:
- Neighborhood Environment: Do you prefer a suburban, urban, or rural setting?
- Shopping and Dining: What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local), and businesses (small, big, mixed) would you like nearby?
- Leisure Activities: What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
- Commute: What type of commute (car, plane, home office) suits your lifestyle?
Creating a "Pros vs. Cons" list of what you need in a home and neighborhood is always a helpful step in making an informed decision. With expert insights and up-to-date market data from foreclosure.com, you can confidently explore the opportunities in Suffolk County, .
Montauk, NY Foreclosures
How much do homes sell for in Montauk, NY?
The average home price is currently $1,587,306.
In Montauk, NY, how many homes are available?
There are currently 5 active home listings available in Montauk.
What’s the average rental cost in Montauk, NY?
The average rental price in Montauk is $3,251.
What is the most expensive home in Montauk?
The most expensive home sold in Montauk had a price of $54,741,400.
What is currently the cheapest priced home in Montauk, NY?
The cheapest home for sale in Montauk is priced at $19,294.
Living in Montauk, NY
Montauk, NY, is a coastal paradise with beautiful beaches, excellent dining options, and a variety of outdoor activities. Known for its iconic lighthouse and lively summer atmosphere, it's a popular destination for tourists and a beloved haven for residents.
Current Market Conditions in Montauk, NY
The Montauk real estate market has seen a significant increase in demand over the past year, driven by the post-pandemic surge in interest for vacation homes and remote work opportunities. The desirability of coastal living has resulted in a competitive environment, with many properties selling above the asking price. Luxury oceanfront homes are particularly sought after, often attracting buyers willing to pay a premium for views and access to the beach.
As of late 2023, the inventory of homes for sale in Montauk remains low, contributing to higher home prices. Anecdotally, many homes that are priced competitively are receiving multiple offers. The market for rental properties is also strong, catering to the influx of summer tourists seeking accommodation.
Home Value Estimator For Montauk, NY
There are currently 4,004 real estate properties
in Montauk, NY,
with a median automated valuation model (AVM) price
of $1,412,243.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Montauk, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Montauk, NY,
is $1,587,306.00, with the most expensive house
in Montauk, NY, topping out
at $54,741,400.00 and the cheapest home
in Montauk, NY,
clocking in at $19,294.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Montauk, NY!
Rent Prices
In Montauk, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Montauk, NY, is on
a rollercoaster ride. The
average rent price in Montauk, NY,
is $3,251.00. Indeed, when looking to rent in
Montauk, NY, you can expect to pay as little
as $1,590.00 or as much
as $7,020.00,
with the average rent median estimated to
be $3,370.00. The good news is that finding
an affordable and desirable property to rent in Montauk, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
