Suffolk County Bank-Owned Homes & Foreclosures – September 2026

By Educators Realty · Syosset, NY · Educators Realty

This is our monthly look at bank-owned and foreclosure inventory across Suffolk County. REOs — short for "real estate owned" — are homes a lender took back through completed foreclosure and is now reselling, typically through the local MLS. Suffolk County's geography, from western towns near the Nassau border out through the North Fork and the Hamptons, means this segment of the market covers a lot of ground: starter capes in Brentwood, waterfront parcels in Remsenburg, and everything in between. This guide walks through what's currently listed across Suffolk County, what recently closed bank-owned sales tell us about pricing and pace, and how to approach a purchase in this category.

REO, Foreclosure, and Short Sale: Why the Terms Matter

These terms describe different stages of the same process. A pre-foreclosure or short sale is still owned by the original homeowner, selling with lender approval, often for less than what's owed on the mortgage. An REO, or bank-owned property, is a home the lender has already taken back and now owns outright. Some properties in Suffolk County's current inventory are also being sold cash-only or through an online auction platform, each with its own bidding rules, deposit requirements, and financing restrictions.

Knowing which category a listing falls into changes how an offer gets structured and what kind of contingencies are realistic. Working with an agent who handles this type of inventory regularly can save real time when the process moves differently than a traditional sale.

What Suffolk County's Current Bank-Owned Inventory Looks Like

As of this writing, Educators Realty's Suffolk County bank-owned and foreclosure inventory includes 71 active listings, with asking prices ranging from $75,000 for a vacant lot in Central Islip up to $2,850,000 for a Hamptons-style property in Remsenburg. The median asking price across the current inventory is $625,000, and the average is roughly $700,000 — a range wide enough to include buildable lots, entry-level single-family homes, and high-end waterfront-adjacent properties.

Where the Listings Are Concentrated

Listings are spread across more than 40 Suffolk County communities. Coram, Huntington, and Huntington Station each currently have 4 listings, the most of any towns in this report, followed by Amityville, West Babylon, Islip, Bay Shore, and Rocky Point with 3 each. Smaller pockets of 2 listings appear in East Quogue, Brentwood, Remsenburg, Lindenhurst, Manorville, West Islip, Central Islip, Deer Park, and Copiague, with single listings spread across dozens of additional communities from Cutchogue and Southampton in the east to Dix Hills and Smithtown in the western and central parts of the county.

Property Styles and Features

Ranch-style homes make up the largest share of the current inventory, followed by Colonial and Cape Cod-style homes, with a smaller number of Split-level and Contemporary properties rounding out the mix. A garage is mentioned in 28 of the 71 current listing descriptions, and several properties reference a formal dining room, eat-in kitchen, or full basement, based on the listing descriptions provided.

A Range of Buyer Scenarios

The current inventory covers a range of buyer scenarios beyond the typical single-family resale. Several properties are listed cash-only, including homes in Huntington and East Patchogue, and one Bay Shore listing is part of an online real estate auction. There are also two vacant-lot opportunities, in Central Islip and Rocky Point, along with a property in Deer Park zoned for religious or house-of-worship use. On the water, a bayfront parcel in Remsenburg is listed as 'last of its kind' for its unobstructed views. At the upper end of the market, buyers will find Hamptons-area properties in Remsenburg and East Quogue priced well above $1,000,000.

What Recently Closed Bank-Owned Sales Tell Us

A separate closed-sales report covering 304 recently completed bank-owned and foreclosure transactions across Suffolk County shows an average closing price of $556,227, with sales closing at roughly 101% of the original list price on average — though individual ratios varied significantly, with some properties closing well below list and others, particularly smaller or distressed properties, closing well above. Closed bank-owned sales were most concentrated in Brentwood (18 closings), followed by Coram (17), Shirley (16), Bay Shore (13), and Central Islip (11). Closings were recorded in every month across the report period, with June the busiest single month (33 closings) and October the next busiest (29 closings).

71Active Bank-Owned Listings

$75K–$2.85MCurrent Price Range

$556,227Avg. Recent Closed Price

~69 DaysAvg. Days on Market (Closed)

~101%Avg. Close-to-List Ratio

Suffolk County Bank-Owned & Foreclosure Properties Currently Listed

The listings below reflect current bank-owned and foreclosure inventory in Suffolk County. Each property links directly to its full detail page, including additional photos and disclosures.

23 Flagpole Lane, E. Setauket

$975,000

4 Beds | 3 Baths

This Colonial Style Home Features 4 Bedrooms, 1.5 Baths, Formal Dining Room, Eat In Kitchen & 2 Car Garage. The information provided is estimated to the best of our abili...

MLS #1041726 · Courtesy of OneKey MLS

Suffolk County Bank-Owned Homes & Foreclosures — September 2026 Buyer's Guide

REO, Foreclosure, and Short Sale: Why the Terms Matter

What Suffolk County's Current Bank-Owned Inventory Looks Like

Where the Listings Are Concentrated

Property Styles and Features

A Range of Buyer Scenarios

What Recently Closed Bank-Owned Sales Tell Us

Suffolk County Bank-Owned & Foreclosure Properties Currently Listed

Tips for Buying a Bank-Owned Property in Suffolk County

Work With a Local Resource for Suffolk County Bank-Owned Homes

Ask About a Suffolk County Bank-Owned Property

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