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Featured local agent — Shelter Island Heights, NY
Sarah Mitchell
Compass Real Estate · Shelter Island Heights, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Shelter Island Heights, NY Housing Market
The last median sale price Redfin published was $1.45M, +9.8% year over year (through May 2026). With 12.0 months of supply and homes going under contract in about 366 days, Shelter Island Heights is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.45M home is about $7,741/mo in principal and interest.
Key numbers for Shelter Island Heights, NY
Median sale price
$1.45M
+9.8% year over year
Redfin, through April 2026
Days on market
366
Slow-moving
Redfin, through April 2026
Active listings
12
12.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$103,884
Home costs 14.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
90.9%
Selling below asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Shelter Island Heights a buyer's or seller's market?
Shelter Island Heights, NY is a buyer's market, based on 12.0 months of supply and homes selling in about 366 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Shelter Island Heights housing market data show?
Every row below is Redfin's final published month for Shelter Island Heights, NY. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $1.45M |
| Median list price | $3.50M |
| Year-over-year price change | +9.8% |
| Median price per sq ft | $750/sq ft |
| Median days on market | 366 days |
| Active inventory | 12 listings |
| Months of supply | 12.0 months |
| Sale-to-list price ratio | 90.9% |
| Homes sold (that month) | 1 |
| New listings (that month) | 3 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Shelter Island Heights is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Shelter Island Heights is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Shelter Island Heights home prices moved?
Across the 34 months we hold for Shelter Island Heights, NY, the median sale price fell 0.9%, from $1.46M in July 2021 to $1.45M. For prices to fall meaningfully from here, supply would have to keep building past 12.0 months while the sale-to-list ratio slips below its current 90.9%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Shelter Island Heights?
Priced off the median sale price of $1.45M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $290,000 | $1.16M | $7,741/mo |
| 5% | $72,500 | $1.38M | $9,192/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $7,741, that implies roughly $331,753 a year before you add taxes and insurance. The median household in Shelter Island Heights earns $103,884, about $227,869 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 14.0x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Shelter Island Heights in the next 12 months?
Tell us your timeline. We send the Shelter Island Heights market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Shelter Island Heights?
Zillow does not publish a rent index (ZORI) for Shelter Island Heights, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Shelter Island Heights?
Active listings in Shelter Island Heights, NY went from 17 in November 2024 to 12 in April 2026, a -29.4% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| December 2024 | 12 | not published |
| January 2025 | 12 | 1 |
| February 2025 | 14 | 3 |
| April 2025 | 12 | 3 |
| May 2025 | 12 | 1 |
| July 2025 | 11 | 1 |
| August 2025 | 12 | 2 |
| October 2025 | 9 | 1 |
| November 2025 | 8 | not published |
| January 2026 | 3 | not published |
| March 2026 | 9 | 7 |
| April 2026 | 12 | 3 |
Redfin, through April 2026
How does Shelter Island Heights compare to New York and the U.S.?
Shelter Island Heights homes sell for $1.45M — 134% above the New York median of $620,500. Against the national median of $410,700, Shelter Island Heights runs 253% higher. Year-over-year, Shelter Island Heights moved +9.8% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Shelter Island Heights, NY | $1.45M | +9.8% | 366 days |
| New York statewide | $620,500 | +5.1% | 42 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Shelter Island Heights
What buyers should watch
- Months of supply, currently 12.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $1,451 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.45M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Shelter Island Heights listing goes under contract in 366 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 90.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Shelter Island Heights added 3 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Shelter Island Heights varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Shelter Island Heights
There are currently 12 homes listed for sale in Shelter Island Heights, New York. The median listing price is $3.5M.
Active listings
12
Homes on market
Median list price
$3.5M
Avg. days on market
366
Days until sale
New this week
3
Newly listed
How much do homes cost in Shelter Island Heights by property type?
How the Shelter Island Heights, NY market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.45M | $750/sq ft | 1 | 366 days |
Who lives in Shelter Island Heights?
American Community Survey estimates for Shelter Island Heights. U.S. Census ACS, 2023
Population
998
Households
579
Median income
$103,884/yr
Median age
69.4 years
Owner-occupied
100.0%
Median home value
$1.04M
Mean commute
16 min
100.0% of occupied homes in Shelter Island Heights are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Shelter Island Heights, NY?
Ordered by distance from Shelter Island Heights, not by size. Compare Shelter Island Heights side by side with any of them.
Shelter Island Heights housing market FAQ
Is Shelter Island Heights a buyer's or seller's market?
Shelter Island Heights, NY is currently a buyer's market. That read comes from 12.0 months of supply, homes going under contract in about 366 days, and sellers getting 90.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Shelter Island Heights?
The median sale price in the last month Redfin published was $1.45M, about $750 per square foot.
Is Shelter Island Heights cheaper than the rest of New York?
Shelter Island Heights's median sale price of $1.45M is 134% higher than the New York statewide median of $620,500, and 253% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Shelter Island Heights?
Homes in Shelter Island Heights, NY spent a median of 366 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Shelter Island Heights?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.45M home is about $7,741 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $331,753 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $103,884.
Are home prices rising in Shelter Island Heights?
Redfin's last published year-over-year change for Shelter Island Heights, NY was +9.8%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Shelter Island Heights?
Shelter Island Heights ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Shelter Island Heights?
That depends on your timeline, not on a headline. What the data says today: Shelter Island Heights, NY is a buyer's market with 12.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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