Three Mile Bay, NY—13693

As of Aug '25, the median home price in Three Mile Bay, NY is $240,000, with a year-over-year change of 2.4%. This indicates that home prices in Three Mile Bay, NY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Three Mile Bay, NY is 79. This is an increase of 48.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 44.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Three Mile Bay, NY in that year was NA. NA of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was NA. Of those, NA were >90% loan to value. This is considered unknown, suggesting that mortgage risk is unknown in Three Mile Bay, NY. Investor activity in Three Mile Bay, NY is unknown, as NA of all loans are originated by investors. In 2023, NA of all loans were cash-out refinances, suggesting unknown homeowners are actively tapping their home's equity.