Is Massapequa Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Massapequa Park was a Buyer's Market.
Housing Prices in Massapequa Park, NY
How much do homes in Massapequa Park, NY cost?
Median Sold Price
$675,000
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Massapequa Park was $675,000 in March 2024, up 3.8% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $615K | $607.5K | -1.2% |
3 Bedrooms | $622.5K | $660K | +6.0% |
4 Bedrooms | $680K | $680K | 0.0% |
5+ Bedrooms | $849.5K | $797.5K | -6.1% |
Summary: Massapequa Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
Farmingdale | $561K | $610K | +8.7% |
Oyster Bay | $723.5K | $760.9K | +5.2% |
Massapequa Park | $650K | $675K | +3.8% |
Housing Supply in Massapequa Park, NY
How many homes are available in Massapequa Park, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 48 | +9.1% |
Summary: The Massapequa Park real estate market had 48 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 15 | 14 | -6.7% |
4 Bedrooms | 17 | 21 | +23.5% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Massapequa Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Massapequa Park in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 42 Days | -42.2% |
Summary: Homes in Massapequa Park had an average of 42 days on market in Mar 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Massapequa Park; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.