Is Massapequa 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, Massapequa Park has remained a Buyer's Market.
Housing Prices in Massapequa Park, NY
How much do homes in Massapequa Park, NY cost?
Median Sold Price
$678,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Massapequa Park was $678,000 in April 2024, up 4.3% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $615K | $595K | -3.3% |
3 Bedrooms | $627K | $660K | +5.3% |
4 Bedrooms | $680K | $680K | 0.0% |
5+ Bedrooms | $835K | $795K | -4.8% |
Summary: Massapequa Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Farmingdale | $569K | $610K | +7.2% |
Oyster Bay | $729.2K | $764.7K | +4.9% |
Massapequa Park | $650K | $678K | +4.3% |
Housing Supply in Massapequa Park, NY
How many homes are available in Massapequa Park, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 57 | +18.8% |
Summary: The Massapequa Park real estate market had 57 homes for sale in April 2024, a 18.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Massapequa Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Massapequa Park in April 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 39 Days | +5.7% |
Summary: Homes in Massapequa Park had an average of 39 days on market in Apr 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Massapequa Park; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.