Is East Rockaway, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, East Rockaway was a Seller's Market.
Housing Prices in East Rockaway, NY
How much do homes in East Rockaway, NY cost?
Median Sold Price
$585,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Rockaway was $585,000 in March 2024, down 4.9% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $290K | +16.5% |
2 Bedrooms | $470K | $502.1K | +6.8% |
3 Bedrooms | $617.5K | $580K | -6.1% |
4 Bedrooms | $727.5K | $722.5K | -0.7% |
5+ Bedrooms | $810.5K | $797K | -1.7% |
Summary: East Rockaway housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Lynbrook | $600K | $650K | +8.3% |
Rockville Centre | $750.3K | $735K | -2.0% |
East Rockaway | $615K | $585K | -4.9% |
Housing Supply in East Rockaway, NY
How many homes are available in East Rockaway, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 60 | +22.4% |
Summary: The East Rockaway real estate market had 60 homes for sale in March 2024, a 22.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 6 | 13 | +116.7% |
Summary: The East Rockaway housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 116.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in East Rockaway in March 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
90 Days | 48 Days | -46.5% |
Summary: Homes in East Rockaway had an average of 48 days on market in Mar 2024, down by 46.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in East Rockaway; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.