Multi-family Foreclosures in Shelter Island, NY

Current Market Conditions in Shelter Island, NY

The real estate market on Shelter Island has shown stability over the past year, driven by a mix of seasonal buyers and year-round residents. With a limited inventory of homes, demand has remained high, particularly for waterfront properties. As more people prioritize rural and coastal lifestyles, the appeal of Shelter Island has increased, capturing the interest of buyers seeking a tranquil retreat.

Current average home prices are reflective of the area's desirable location, with a significant portion of listings falling above the million-dollar mark. However, there is also a sector of the market offering more affordable options, appealing to first-time buyers and those seeking vacation homes. Overall, Shelter Island continues to attract diverse buyers, contributing to a healthy market.

Rent Prices In Shelter Island, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shelter Island, NY, is on a rollercoaster ride. The average rent price in Shelter Island, NY, is $2,991.00. Indeed, when looking to rent in Shelter Island, NY, you can expect to pay as little as $1,960.00 or as much as $6,140.00, with the average rent median estimated to be $2,910.00. The good news is that finding an affordable and desirable property to rent in Shelter Island, 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.