Moriches Real Estate Market Sees Sales Fall

In this week's report, the number of homes sold in the Moriches market slid to one over the past 30 days. It marked a decrease of 50.0% from last week's report and a fall below the monthly average. Meanwhile, close-by Ridge reported 32 homes sales, the highest number from all the surrounding cities. Prices are falling in Moriches, and this period the median price of all sales fell from $652,500 to $380,000. Moriches is a definite buyer's market, due to a big 31 months of inventory left and aided by the dip in sales.

Trying to find a home in Moriches that offers more bathrooms? Then check out these listings that provide the most bathrooms in the area:

$369K   $469K   $1.2M  

Get started right now by checking out Moriches homes for sale or reviewing Moriches real estate trends.

Demographic facts for Moriches:

  • The average age is 44 years old for the population in this area.
  • The health cost index score in this area is 111.2. (100 = national average)
  • Here are some of the distributions of commute times for the area: <15 min (20.6%), 15-29 min (31.8%), 30-44 min (26.9%), 45-59 min (10.6%), >60 min (10.2%).

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Douglas Elliman Real Estate
Snapped 2 homes in this area

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