Is Rockville Centre, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockville Centre is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Rockville Centre was a Neutral Market.

Key Takeaway

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

Housing Prices in Rockville Centre, NY

How much do homes in Rockville Centre, NY cost?

Median Sold Price

$754,625

$419/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,625(+3.4%)

Key Takeaway

Homes in Rockville Centre have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Rockville Centre was $754,625 in February 2024, up 3.4% from last year, and the median price per square foot was $419.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $285K$305K
+7.0%
2 $380K$388.2K
+2.2%
3 $750.5K$773K
+3.0%
4 $935K$940K
0.5%
5+ $1.0M$1.0M
-3.8%

Summary: Rockville Centre housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Lynbrook
+6.7%
Rockville Centre
+3.4%
East Rockaway
+0.7%

Housing Supply in Rockville Centre, NY

How many homes are available in Rockville Centre, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
104101-2.9%

Summary: The Rockville Centre real estate market had 101 homes for sale in February 2024, a 2.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1616
0.0%
2 2221
-4.5%
3 3732
-13.5%
4 2524
-4.0%
5+ 48
+100.0%

Summary: The Rockville Centre housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1918-5.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockville Centre, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Rockville Centre in February 2024, down by 5.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Rockville Centre, NY

How long does it take to sell a home in Rockville Centre, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days71 Days+28.0%

Summary: Homes in Rockville Centre had an average of 71 days on market in Feb 2024, up by 28% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rockville Centre has remained consistent over time.

Summary: During February 2024, 18 homes were sold in Rockville Centre; 33% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 28% 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 28 Days Ago

Newest Listings in Rockville Centre, NY

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What housing markets are near Rockville Centre, NY?