The housing market in Shirley continues to see strong price appreciation, with values up 22.2% compared to last year. Home prices have decreased 3.8% in the past month. With 2.6 months of supply, Shirley's inventory levels remain relatively tight. Transaction volume is up 39% compared to what's typically expected this time of year. The majority of homes (68.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Shirley market with the affordability index at 122.9. Based on current market indicators, home prices in Shirley are projected to decrease by approximately 3.9% over the next month.
Shirley, NY has a total population of 40,346 residents. The area is predominantly White (59.5%), The African American population is 5.4%. This creates a relatively diverse demographic makeup for the area. As a smaller community, Shirley, NY offers a close-knit residential environment.
Market predictions for Shirley, NY show an upward trend in home prices, with values increasing by 12.6%. This represents a significant price movement in the market. The current median home price in Shirley, NY is approximately $551,815.384. Based on current trends, home prices in Shirley, NY are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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