Is Rockland County, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockland County is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Rockland County was a Seller's Market.

Key Takeaway

Rockland County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rockland County, NY

How much do homes in Rockland County, NY cost?

Median Sold Price

$626,078

$323/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$43,710(+7.5%)

Key Takeaway

Homes in Rockland County have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Rockland County was $626,078 in May 2024, up 7.5% from last year, and the median price per square foot was $323.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $229.4K$250K
+9.0%
2 $360K$395.3K
+9.8%
3 $515.1K$560K
+8.7%
4 $659.4K$710K
+7.7%
5+ $825K$898.1K
+8.9%

Summary: Rockland County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Counties

Orange County
+8.4%
Rockland County
+7.5%
Westchester County
+7.3%
Putnam County
+6.1%

Housing Supply in Rockland County, NY

How many homes are available in Rockland County, NY?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9701,081+11.4%

Summary: The Rockland County real estate market had 1,081 homes for sale in May 2024, a 11.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 7279
+9.7%
2 125134
+7.2%
3 224224
0.0%
4 308370
+20.1%
5+ 241274
+13.7%

Summary: The Rockland County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 13.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
158151-4.4%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

80 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockland County, you could pay more than the asking price. 53% of homes here sold above asking price last month.

Summary: A total of 151 homes were sold or pending in Rockland County in May 2024, down by 4.4% month-over-month. Of the 151 sold homes, 36% were sold under asking, 11% were sold at asking, and 53% were sold over asking.

Days on Market for Rockland County, NY

How long does it take to sell a home in Rockland County, NY?

Average Sale Time

May 2023May 2024CHANGE
38 Days41 Days+7.2%

Summary: Homes in Rockland County had an average of 41 days on market in May 2024, up by 7.2% compared to last year.

Breakdown of Home Sale Times

90 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockland County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 151 homes were sold in Rockland County; 60% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% 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 1 Day Ago

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