Is Rockland County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Rockland County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.4K | $250K | +9.0% |
2 Bedrooms | $360K | $395.3K | +9.8% |
3 Bedrooms | $515.1K | $560K | +8.7% |
4 Bedrooms | $659.4K | $710K | +7.7% |
5+ Bedrooms | $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 | $382.7K | $414.9K | +8.4% |
Rockland County | $582.3K | $626K | +7.5% |
Westchester County | $650K | $697.4K | +7.3% |
Putnam County | $450K | $477.4K | +6.1% |
Housing Supply in Rockland County, NY
How many homes are available in Rockland County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
970 | 1,081 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 72 | 79 | +9.7% |
2 Bedrooms | 125 | 134 | +7.2% |
3 Bedrooms | 224 | 224 | 0.0% |
4 Bedrooms | 308 | 370 | +20.1% |
5+ Bedrooms | 241 | 274 | +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 2024 | May 2024 | CHANGE |
---|---|---|
158 | 151 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 41 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
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.