Is Massapequa Park, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Massapequa Park is a seller's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Massapequa Park was a Neutral Market.

Key Takeaway

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

How much do homes in Massapequa Park, NY cost?

Median Sold Price

$650,000

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$51,000(+8.5%)

Key Takeaway

Homes in Massapequa Park have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $485K$528K
+8.9%
2 $600K$615K
+2.5%
3 $555K$625K
+12.6%
4 $611K$655K
+7.2%
5+ $650K$855K
+31.5%

Median Sold Price Compared To Nearby Cities

Farmingdale
+10.4%
Massapequa Park
+8.5%
Oyster Bay
+7.4%

How many homes are available in Massapequa Park, NY?

Number of Homes For Sale

Sep 2022Oct 2022%
7164-9.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 12
+100.0%
3 2217
-22.7%
4 2925
-13.8%
5+ 1920
+5.3%

Number of Homes Sold

Sep 2022Oct 2022%
1712-29.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Massapequa Park, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
40 Days44 Days+8.0%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Massapequa Park has remained consistent over time.

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

About Massapequa Park, NY

Massapequa Park, NY has 64 homes for sale to choose from. The inventory of homes for sale in Massapequa Park, NY between September 2022 and October 2022 decreased by 9.9%. In October 2022, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $650,000. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties became 8.9% more expensive, prices of 2 bedrooms properties increased by 2.5%, 3 bedrooms properties prices increased by 12.6%, prices of 4 bedrooms properties went up by 7.2%, 5 bedrooms properties became 31.5% more expensive. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 100%, 3 bedrooms homes inventory decreased by 22.7%, the quantity of 4 bedrooms homes went down by 13.8%, 5 bedrooms homes inventory increased by 5.3%. In October 2022, from all listings sold in Massapequa Park, NY there were more than 2 sold above asking price, over 10 sold below and more than 0 were sold right at the asked price.

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