Is Farmingdale, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farmingdale is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Farmingdale has remained a Seller's Market.

Key Takeaway

Farmingdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Farmingdale, NY cost?

Median Sold Price

$575,000

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$35,000(+6.5%)

Key Takeaway

Homes in Farmingdale have sold for 6.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $269.7K$263K
-2.5%
2 $455K$420K
-7.7%
3 $532.5K$590K
+10.8%
4 $550K$600K
+9.1%
5+ $625K$650K
+4.0%

Median Sold Price Compared To Nearby Cities

Huntington
+8.2%
Oyster Bay
+7.1%
Farmingdale
+6.5%
Farmingdale
-6.8%

How many homes are available in Farmingdale, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
145129-11.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 2019
-5.0%
2 139
-30.8%
3 4640
-13.0%
4 5046
-8.0%
5+ 1615
-6.3%

Number of Homes Sold

Oct 2022Nov 2022%
3327-18.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Farmingdale, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
44 Days51 Days+16.3%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Farmingdale has remained consistent over time.

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

About Farmingdale, NY

There are 129 homes are for sale in Farmingdale, NY real estate market. The number of homes for sale in Farmingdale, NY decreased by 11% between October 2022 and November 2022. In November 2022 median list price was $575,000 and the average listing age was 51 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 2.5%, 2 bedrooms properties prices decreased by 7.7%, 3 bedrooms properties became 10.8% more expensive, prices of 4 bedrooms properties went up by 9.1%, prices of 5 bedrooms properties went up by 4%. Volume of homes for sale changed: 1 bedroom homes became 5% less available, number of 2 bedrooms homes decreased by 30.8%, volume of 3 bedrooms homes went down by 13%, the quantity of 4 bedrooms homes went down by 8%, 5 bedrooms homes inventory decreased by 6.3%. While more than 15 listings in Farmingdale, NY in November 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below.

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