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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Commack is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Commack is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Commack, NY

How much do homes in Commack, NY cost?

Median Sold Price

$751,333

$373/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$70,833(+10.4%)

Key Takeaway

Homes in Commack have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Commack was $751,333 in November 2024, up 10.4% from last year, and the median price per square foot was $373.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $450K$469.5K
+4.3%
2 $555K$590K
+6.3%
3 $637K$680K
+6.8%
4 $715K$779K
+9.0%
5+ $835K$877.5K
+5.1%

Summary: Commack housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Neighborhoods

Fort Salonga
+26.1%
Kings Park
+12.1%
Hauppauge
+10.8%
Commack
+10.4%
East Northport
+4.5%

Housing Supply in Commack, NY

How many homes are available in Commack, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10492-11.5%

Summary: The Commack real estate market had 92 homes for sale in November 2024, a 11.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 4036
-10.0%
4 4034
-15.0%
5+ 2421
-12.5%

Summary: The Commack housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2815-46.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 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. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Commack in November 2024, down by 46.4% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% 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

Nov 2023Nov 2024CHANGE
31 Days29 Days-4.7%

Summary: Homes in Commack had an average of 29 days on market in Nov 2024, down by 4.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 15 homes were sold in Commack; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% 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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