$10,000 Closing Credit*
$929,000
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Keller Williams Rlty Landmark
Is Massapequa, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Massapequa has remained a Seller's Market.
Key Takeaway
Massapequa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Massapequa, NY
How much do homes in Massapequa, NY cost?
Median Sold Price
$785,000
$422/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$76,500(+10.8%)
Key Takeaway
Homes in Massapequa have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Massapequa was $785,000 in October 2024, up 10.8% from last year, and the median price per square foot was $422.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $615K | $630K | +2.4% |
| 3 Bedrooms | $648K | $735K | +13.4% |
| 4 Bedrooms | $748K | $825K | +10.3% |
| 5+ Bedrooms | $784.5K | $925K | +17.9% |
Summary: Massapequa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Massapequa | $708.5K | $785K | +10.8% |
| Massapequa Shores | $744K | $802.5K | +7.9% |
Housing Supply in Massapequa, NY
How many homes are available in Massapequa, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 84 | -1.2% |
Summary: The Massapequa real estate market had 84 homes for sale in October 2024, a 1.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 33 | 33 | 0.0% |
| 4 Bedrooms | 36 | 36 | 0.0% |
| 5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Massapequa 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Massapequa, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Massapequa in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.
Days on Market for Massapequa, NY
How long does it take to sell a home in Massapequa, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +30.8% |
Summary: Homes in Massapequa had an average of 35 days on market in Oct 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Massapequa are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in Massapequa; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% 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.