Peconic, NY Foreclosures
How much do homes sell for in Peconic, NY?
The average home price is currently $1,505,890.
In Peconic, NY, how many homes are available?
There are currently 6 active home listings available in Peconic.
What’s the average rental cost in Peconic, NY?
The average rental price in Peconic is $3,390.
What is the most expensive home in Peconic?
The most expensive home sold in Peconic had a price of $11,998,186.
What is currently the cheapest priced home in Peconic, NY?
The cheapest home for sale in Peconic is priced at $17,800.
Living in Peconic, NY
Peconic, NY is a serene hamlet on Long Island's North Fork, known for its breathtaking landscapes of vineyards and waterfronts. It provides a friendly community atmosphere alongside a range of local amenities and outdoor activities, making it ideal for families and retirees alike. With close proximity to quality schools and convenient transportation options, Peconic is a desirable location for those seeking a peaceful yet connected lifestyle.
Current Market Conditions in Peconic, NY
The real estate market in Peconic, NY is currently experiencing a period of growth, characterized by a steady increase in home prices and a limited inventory of properties available for sale. Demand remains high, driven by buyers looking to escape urban environments and settle in this charming hamlet for its rural appeal and outdoor lifestyle. Many properties receive multiple offers, leading to competitive bidding scenarios, particularly during the peak buying season in the spring and summer months.
As the market continues to evolve, there is a noticeable trend towards vacation and second-home purchases, as buyers seek the tranquility of Peconic for weekend getaways. The North Fork, known for its wine country and natural beauty, presents a strong investment opportunity as more individuals and families recognize the value of owning property in this region.
Home Value Estimator For Peconic, NY
There are currently 615 real estate properties
in Peconic, NY,
with a median automated valuation model (AVM) price
of $958,451.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Peconic, 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 Peconic, NY,
is $1,505,890.00, with the most expensive house
in Peconic, NY, topping out
at $11,998,186.00 and the cheapest home
in Peconic, NY,
clocking in at $17,800.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Peconic, NY!
Rent Prices
In Peconic, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Peconic, NY, is on
a rollercoaster ride. The
average rent price in Peconic, NY,
is $3,390.00. Indeed, when looking to rent in
Peconic, NY, you can expect to pay as little
as $1,680.00 or as much
as $5,960.00,
with the average rent median estimated to
be $3,480.00. The good news is that finding
an affordable and desirable property to rent in Peconic, 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.
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