Is East Rockaway, 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, East Rockaway was a Buyer's Market.
Housing Prices in East Rockaway, NY
How much do homes in East Rockaway, NY cost?
Median Sold Price
$592,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Rockaway was $592,000 in April 2024, down 3.7% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249K | $280K | +12.4% |
2 Bedrooms | $456K | $494.6K | +8.5% |
3 Bedrooms | $611.2K | $602.5K | -1.4% |
4 Bedrooms | $723.7K | $690K | -4.7% |
5+ Bedrooms | $820K | $775K | -5.5% |
Summary: East Rockaway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Lynbrook | $610K | $650K | +6.6% |
Rockville Centre | $755K | $748.1K | -0.9% |
East Rockaway | $615K | $592K | -3.7% |
Housing Supply in East Rockaway, NY
How many homes are available in East Rockaway, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 63 | +3.3% |
Summary: The East Rockaway real estate market had 63 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 13 | 9 | -30.8% |
Summary: The East Rockaway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 30.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in East Rockaway in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for East Rockaway, NY
How long does it take to sell a home in East Rockaway, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 81 Days | -12.2% |
Summary: Homes in East Rockaway had an average of 81 days on market in Apr 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in East Rockaway; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.