Is East Rockaway, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Rockaway has remained a Buyer's Market.
Housing Prices in East Rockaway, NY
How much do homes in East Rockaway, NY cost?
Median Sold Price
$600,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Rockaway was $600,000 in May 2024, down 3.5% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $270K | +8.4% |
2 Bedrooms | $457.2K | $494.6K | +8.2% |
3 Bedrooms | $613.5K | $602.5K | -1.8% |
4 Bedrooms | $718.7K | $702.5K | -2.3% |
5+ Bedrooms | $815K | $797K | -2.2% |
Summary: East Rockaway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
Lynbrook | $602.5K | $650K | +7.9% |
Rockville Centre | $751K | $731.6K | -2.6% |
East Rockaway | $621.5K | $600K | -3.5% |
Housing Supply in East Rockaway, NY
How many homes are available in East Rockaway, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 67 | +8.1% |
Summary: The East Rockaway real estate market had 67 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The East Rockaway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 3 | -72.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in East Rockaway in May 2024, down by 72.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for East Rockaway, NY
How long does it take to sell a home in East Rockaway, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
91 Days | 149 Days | +64.1% |
Summary: Homes in East Rockaway had an average of 149 days on market in May 2024, up by 64.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in East Rockaway; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.