Is Peconic, NY 11958 a buyer’s or seller’s market?
Peconic is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Peconic housing market right now
In the three months ending August 31, 2026, 100% of homes in Peconic, NY 11958 sold above their list price, the typical home went under contract in 25 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold faster (37 days then) and the median sale price fell 51% to $1,254,457. Overall, Peconic is more competitive than a year ago, so tougher for buyers.
Within Suffolk County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 99%.
Nearby, buyers who want less competition could look at Westhampton 11977 (0% sold over asking) or Water Mill 11976 (0% sold over asking).
Run the numbers for 11958
Nearby markets
Amagansett 11930Balanced $988 /sq ftAmityville 11701Seller’s market $442 /sq ftBabylon 11702Seller’s market $455 /sq ftBay Shore 11706Seller’s market $426 /sq ft Browse all markets →Where Peconic is
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Questions about Peconic real estate
Is Peconic a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Peconic, NY 11958 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Peconic?
The typical home went under contract in 25 days in the latest three months.
Do homes in Peconic sell over asking?
100% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Peconic?
About 1.73% of a home’s value a year in Suffolk County, or roughly $6,920 on a $400,000 home.
What is the median home price in Peconic?
The median sale price was $1,254,457 in the three months ending August 31, 2026, about $587 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology