Is East Massapequa, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, East Massapequa was a Buyer's Market.
Key Takeaway
East Massapequa is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Massapequa, NY
How much do homes in East Massapequa, NY cost?
Median Sold Price
$650,000
$392/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in East Massapequa have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in East Massapequa was $650,000 in April 2024, up 4.8% from last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $565K | $605K | +7.1% |
| 3 Bedrooms | $617.5K | $622.5K | +0.8% |
| 4 Bedrooms | $636.5K | $680K | +6.8% |
| 5+ Bedrooms | $755.5K | $737.5K | -2.4% |
Summary: East Massapequa housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Bar Harbour | $835K | $995K | +19.2% |
| South Farmingdale | $600K | $636K | +6.0% |
| East Massapequa | $620K | $650K | +4.8% |
| North Amityville | $460K | $468K | +1.7% |
Housing Supply in East Massapequa, NY
How many homes are available in East Massapequa, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 77 | +11.6% |
Summary: The East Massapequa real estate market had 77 homes for sale in April 2024, a 11.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 23 | 25 | +8.7% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The East Massapequa housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Massapequa, you could pay more than the asking price. 81.8% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in East Massapequa in April 2024, the same as the previous month. Of the 11 sold homes, 9% were sold under asking, 9% were sold at asking, and 82% were sold over asking.
Days on Market for East Massapequa, NY
How long does it take to sell a home in East Massapequa, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 29 Days | -20.7% |
Summary: Homes in East Massapequa had an average of 29 days on market in Apr 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Massapequa are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in East Massapequa; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.