$9,488 Closing Credit*
$799,000
5 Beds
•2 Full Baths
Listing Office: HomeSmart Premier Living Rlty
Is East Rockaway, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Rockaway was a Buyer's Market.
Key Takeaway
East Rockaway 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 Rockaway, NY
How much do homes in East Rockaway, NY cost?
Median Sold Price
$625,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$45,000(+7.8%)
Key Takeaway
Homes in East Rockaway have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in East Rockaway was $625,000 in October 2024, up 7.8% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | $270K | +4.2% |
| 2 Bedrooms | $465K | $490K | +5.4% |
| 3 Bedrooms | $575K | $608.7K | +5.9% |
| 4 Bedrooms | $717.5K | $710K | -1.0% |
| 5+ Bedrooms | $780.5K | $822K | +5.3% |
Summary: East Rockaway housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Lynbrook | $619.5K | $677K | +9.3% |
| East Rockaway | $580K | $625K | +7.8% |
| Rockville Centre | $774K | $775.3K | 0.2% |
Housing Supply in East Rockaway, NY
How many homes are available in East Rockaway, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 66 | -1.5% |
Summary: The East Rockaway real estate market had 66 homes for sale in October 2024, a 1.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The East Rockaway housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Rockaway, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in East Rockaway in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for East Rockaway, NY
How long does it take to sell a home in East Rockaway, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 51 Days | -12.7% |
Summary: Homes in East Rockaway had an average of 51 days on market in Oct 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Rockaway has remained consistent over time.
Summary: During October 2024, 11 homes were sold in East Rockaway; 36% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.