$10,000 Closing Credit*
$849,000
4 Beds
•2 Full Baths
Listing Office: Coldwell Banker American Homes
Is Massapequa Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Massapequa Park has remained a Seller's Market.
Key Takeaway
Massapequa Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Massapequa Park, NY
How much do homes in Massapequa Park, NY cost?
Median Sold Price
$705,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+4.4%)
Key Takeaway
Homes in Massapequa Park have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Massapequa Park was $705,000 in November 2024, up 4.4% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $597.5K | $665K | +11.3% |
| 3 Bedrooms | $650K | $685K | +5.4% |
| 4 Bedrooms | $675K | $761K | +12.7% |
| 5+ Bedrooms | $800K | $725K | -9.4% |
Summary: Massapequa Park 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 11.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Oyster Bay | $748.7K | $825.8K | +10.3% |
| Farmingdale | $585.5K | $643.5K | +9.9% |
| Massapequa Park | $675K | $705K | +4.4% |
Housing Supply in Massapequa Park, NY
How many homes are available in Massapequa Park, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 68 | -10.5% |
Summary: The Massapequa Park real estate market had 68 homes for sale in November 2024, a 10.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 29 | 24 | -17.2% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Massapequa Park 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 17.2%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
5 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 Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Massapequa Park in November 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Massapequa Park, NY
How long does it take to sell a home in Massapequa Park, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 58 Days | +108.2% |
Summary: Homes in Massapequa Park had an average of 58 days on market in Nov 2024, up by 108.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Massapequa Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Massapequa Park; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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.