Is East Massapequa, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Massapequa is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

East Massapequa 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 East Massapequa, NY

How much do homes in East Massapequa, NY cost?

Median Sold Price

$680,000

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,000(+7.4%)

Key Takeaway

Homes in East Massapequa have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in East Massapequa was $680,000 in November 2024, up 7.4% from last year, and the median price per square foot was $400.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$450K
N/A
2 $595K$620K
+4.2%
3 $625K$620K
-0.8%
4 $637.5K$715K
+12.2%
5+ $825K$805K
-2.4%

Summary: East Massapequa housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Neighborhoods

North Amityville
+12.6%
South Farmingdale
+11.3%
Nassau Shores
+9.7%
Bar Harbour
+7.5%
East Massapequa
+7.4%

Housing Supply in East Massapequa, NY

How many homes are available in East Massapequa, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6875+10.3%

Summary: The East Massapequa real estate market had 75 homes for sale in November 2024, a 10.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 2725
-7.4%
4 2025
+25.0%
5+ 1920
+5.3%

Summary: The East Massapequa 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 150%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Massapequa, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in East Massapequa in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.

Days on Market for East Massapequa, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
83 Days44 Days-46.9%

Summary: Homes in East Massapequa had an average of 44 days on market in Nov 2024, down by 46.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in East Massapequa; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 22 Days Ago

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