Is Massapequa, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Massapequa has remained a Buyer's Market.
Housing Prices in Massapequa, NY
How much do homes in Massapequa, NY cost?
Median Sold Price
$729,950
$413/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Massapequa was $729,950 in April 2024, up 4.3% from last year, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $565K | $622.5K | +10.2% |
3 Bedrooms | $623.5K | $702.5K | +12.7% |
4 Bedrooms | $740K | $771.2K | +4.2% |
5+ Bedrooms | $915K | $765K | -16.4% |
Summary: 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 10.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Neighborhoods
Massapequa | $700K | $729.9K | +4.3% |
Massapequa Shores | $750K | $730K | -2.7% |
Housing Supply in Massapequa, NY
How many homes are available in Massapequa, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
66 | 79 | +19.7% |
Summary: The Massapequa real estate market had 79 homes for sale in April 2024, a 19.7% 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 | 4 | +33.3% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 33 | 40 | +21.2% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 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 increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Massapequa in April 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Massapequa, NY
How long does it take to sell a home in Massapequa, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 84 Days | +123.7% |
Summary: Homes in Massapequa had an average of 84 days on market in Apr 2024, up by 123.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Massapequa; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.