Is Rockaway Park, 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, Rockaway Park has remained a Buyer's Market.
Housing Prices in Rockaway Park, NY
How much do homes in Rockaway Park, NY cost?
Median Sold Price
$612,500
$539/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rockaway Park was $612,500 in April 2024, down 14.3% from last year, and the median price per square foot was $539.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362.5K | $289K | -20.3% |
2 Bedrooms | $610K | $650K | +6.6% |
3 Bedrooms | $825K | $670K | -18.8% |
4 Bedrooms | $910K | - | N/A |
5+ Bedrooms | $898.6K | $1.0M | +15.2% |
Summary: Rockaway Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
The Rockaways | $682K | $675K | -1.0% |
Rockaway Park | $715K | $612.5K | -14.3% |
Housing Supply in Rockaway Park, NY
How many homes are available in Rockaway Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 29 | +20.8% |
Summary: The Rockaway Park real estate market had 29 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Rockaway Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Rockaway Park in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rockaway Park, NY
How long does it take to sell a home in Rockaway Park, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 82 Days | +412.5% |
Summary: Homes in Rockaway Park had an average of 82 days on market in Apr 2024, up by 412.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Rockaway Park; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.