Is Rochdale, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rochdale is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Rochdale has remained a Buyer's Market.

Key Takeaway

Rochdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rochdale, NY

How much do homes in Rochdale, NY cost?

Median Sold Price

$710,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,600(+2.7%)

Key Takeaway

Homes in Rochdale have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Rochdale was $710,000 in October 2024, up 2.7% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $214K$189K
-11.7%
2 $450K$509K
+13.1%
3 $610.5K$562.5K
-7.9%
4 $700K$699K
-0.1%
5+ $900K$860K
-4.4%

Summary: Rochdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 4.4%.

Median Sold Price Compared To Nearby Neighborhoods

South Jamaica
+9.0%
Southeastern Queens
+4.7%
Rochdale
+2.7%
Locust Manor
0.5%
Springfield Gardens
-11.6%

Housing Supply in Rochdale, NY

How many homes are available in Rochdale, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7580+6.7%

Summary: The Rochdale real estate market had 80 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 2019
-5.0%
4 1111
0.0%
5+ 3641
+13.9%

Summary: The Rochdale 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 increased by 12.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
311+266.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rochdale, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Rochdale in October 2024, up by 266.7% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Rochdale, NY

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

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days93 Days+43.3%

Summary: Homes in Rochdale had an average of 93 days on market in Oct 2024, up by 43.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Rochdale; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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 24 Days Ago

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