Is Commack, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commack is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Commack has remained a Seller's Market.

Key Takeaway

Commack is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Commack, NY

How much do homes in Commack, NY cost?

Median Sold Price

$749,583

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$74,583(+11.0%)

Key Takeaway

Homes in Commack have sold for 11% more than they did a year ago.

Summary: The median home sold price in Commack was $749,583 in October 2024, up 11% from last year, and the median price per square foot was $376.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $450K$469.5K
+4.3%
2 $555K$580K
+4.5%
3 $630K$680K
+7.9%
4 $715K$778K
+8.8%
5+ $817K$865K
+5.9%

Summary: Commack housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Neighborhoods

Fort Salonga
+30.0%
Kings Park
+12.5%
Commack
+11.0%
Hauppauge
+10.8%
East Northport
+6.7%

Housing Supply in Commack, NY

How many homes are available in Commack, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107102-4.7%

Summary: The Commack real estate market had 102 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4039
-2.5%
4 4039
-2.5%
5+ 2724
-11.1%

Summary: The Commack housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Commack, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Commack in October 2024, up by 12.5% month-over-month. Of the 27 sold homes, 41% were sold under asking, 0% were sold at asking, and 59% were sold over asking.

Days on Market for Commack, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days38 Days-12.5%

Summary: Homes in Commack had an average of 38 days on market in Oct 2024, down by 12.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 27 homes were sold in Commack; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

Newest Listings in Commack, NY

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