Is East Rockaway, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Rockaway is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, East Rockaway was a Seller's Market.

Key Takeaway

East Rockaway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in East Rockaway, NY cost?

Median Sold Price

$609,500

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,000(+7.4%)

Key Takeaway

Homes in East Rockaway have sold for 7.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $243.5K$233.5K
-4.1%
2 $279K$352.5K
+26.3%
3 $538.5K$609K
+13.1%
4 $611.2K$727.5K
+19.0%
5+ $751.5K$792.5K
+5.5%

Median Sold Price Compared To Nearby Cities

Lynbrook
+8.1%
East Rockaway
+7.4%
Rockville Centre
+2.5%

How many homes are available in East Rockaway, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
5154+5.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 43
-25.0%
2 56
+20.0%
3 1617
+6.3%
4 1718
+5.9%
5+ 910
+11.1%

Number of Homes Sold

Sep 2022Oct 2022%
41-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Rockaway, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
57 Days28 Days-51.1%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Rockaway are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About East Rockaway, NY

Number of homes for sale in East Rockaway, NY real estate market have reached 54. The inventory of homes for sale in East Rockaway, NY between September 2022 and October 2022 increased by 5.9%. The median list price of listings available in October 2022 was $609,500, while the average time on the real estate market was 28 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went down by 4.1%, 2 bedrooms properties became 26.3% more expensive, the cost of 3 bedrooms properties went up by 13.1%, the cost of 4 bedrooms properties went up by 19%, 5 bedrooms properties became 5.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 25%, 2 bedrooms homes inventory increased by 20%, the quantity of 3 bedrooms homes went up by 6.3%, 4 bedrooms homes became 5.9% more available, the quantity of 5 bedrooms homes went up by 11.1%. In October 2022, from all listings sold in East Rockaway, NY there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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