Is Ronkonkoma, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ronkonkoma was a Seller's Market.
Housing Prices in Ronkonkoma, NY
How much do homes in Ronkonkoma, NY cost?
Median Sold Price
$530,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ronkonkoma was $530,000 in April 2024, up 2.9% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269K | $310K | +15.2% |
2 Bedrooms | $355K | $382.5K | +7.7% |
3 Bedrooms | $507.5K | $530K | +4.4% |
4 Bedrooms | $563K | $575K | +2.1% |
5+ Bedrooms | $600K | $630K | +5.0% |
Summary: Ronkonkoma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Ronkonkoma | $525K | $560K | +6.7% |
Town of Smithtown | $645K | $684.3K | +6.1% |
Holbrook | $540K | $570K | +5.6% |
Hauppauge | $649.9K | $669.2K | +3.0% |
Ronkonkoma | $515K | $530K | +2.9% |
Housing Supply in Ronkonkoma, NY
How many homes are available in Ronkonkoma, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 54 | +14.9% |
Summary: The Ronkonkoma real estate market had 54 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Ronkonkoma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ronkonkoma in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Ronkonkoma, NY
How long does it take to sell a home in Ronkonkoma, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
57 Days | 49 Days | -14.8% |
Summary: Homes in Ronkonkoma had an average of 49 days on market in Apr 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Ronkonkoma; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.