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 neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Massapequa Park was a Seller's Market.

Key Takeaway

Massapequa Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Massapequa Park, NY

How much do homes in Massapequa Park, NY cost?

Median Sold Price

$700,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$40,000(+6.1%)

Key Takeaway

Homes in Massapequa Park have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Massapequa Park was $700,000 in September 2024, up 6.1% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $620K$665K
+7.3%
3 $635K$670K
+5.5%
4 $680K$740K
+8.8%
5+ $792K$779K
-1.6%

Summary: Massapequa Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Farmingdale
+11.7%
Oyster Bay
+11.4%
Massapequa Park
+6.1%

Housing Supply in Massapequa Park, NY

How many homes are available in Massapequa Park, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8675-12.8%

Summary: The Massapequa Park real estate market had 75 homes for sale in September 2024, a 12.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3127
-12.9%
4 3027
-10.0%
5+ 2319
-17.4%

Summary: The Massapequa Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 17.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2212-45.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Massapequa Park in September 2024, down by 45.5% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.

Days on Market for Massapequa Park, NY

How long does it take to sell a home in Massapequa Park, NY?

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days35 Days+19.8%

Summary: Homes in Massapequa Park had an average of 35 days on market in Sep 2024, up by 19.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 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.

Summary: During September 2024, 12 homes were sold in Massapequa Park; 42% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Massapequa Park, NY

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