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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Massapequa is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, North Massapequa has remained a Seller's Market.

Key Takeaway

North Massapequa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Massapequa, NY

How much do homes in North Massapequa, NY cost?

Median Sold Price

$720,000

$434/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+10.8%)

Key Takeaway

Homes in North Massapequa have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in North Massapequa was $720,000 in October 2024, up 10.8% from last year, and the median price per square foot was $434.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $510K-
N/A
2 $486K$638K
+31.3%
3 $640K$699.5K
+9.3%
4 $679.5K$730K
+7.4%
5+ $740K$737.5K
-0.3%

Summary: North 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 31.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Neighborhoods

North Massapequa
+10.8%
South Farmingdale
+10.7%
Levittown
+10.0%
North Wantagh
+8.0%
Plainedge
+7.4%

Housing Supply in North Massapequa, NY

How many homes are available in North Massapequa, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
57570.0%

Summary: The North Massapequa real estate market had 57 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2523
-8.0%
4 2527
+8.0%
5+ 66
0.0%

Summary: The North 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 remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Massapequa, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in North Massapequa in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.

Days on Market for North Massapequa, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days42 Days+46.7%

Summary: Homes in North Massapequa had an average of 42 days on market in Oct 2024, up by 46.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in North Massapequa; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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 21 Days Ago

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