Is Rock Tavern, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Tavern is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Rock Tavern was a Neutral Market.

Key Takeaway

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

Housing Prices in Rock Tavern, NY

How much do homes in Rock Tavern, NY cost?

Median Sold Price

$514,500

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$57,000(+12.5%)

Key Takeaway

Homes in Rock Tavern have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Rock Tavern was $514,500 in September 2024, up 12.5% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $274K$326.5K
+19.2%
3 $400K$400K
0.0%
4 $641.5K$702.5K
+9.5%
5+ -$549K
N/A

Summary: Rock Tavern housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rock Tavern
+12.5%
New Windsor
+6.6%
Campbell Hall
+6.3%

Housing Supply in Rock Tavern, NY

How many homes are available in Rock Tavern, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2014-30.0%

Summary: The Rock Tavern real estate market had 14 homes for sale in September 2024, a 30.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 106
-40.0%
4 97
-22.2%
5+ 00
0.0%

Summary: The Rock Tavern housing inventory by bedroom type for September 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 40%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Tavern, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Rock Tavern in September 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Rock Tavern, NY

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

Average Sale Time

Sep 2023Sep 2024CHANGE
92 Days119 Days+30.1%

Summary: Homes in Rock Tavern had an average of 119 days on market in Sep 2024, up by 30.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Rock Tavern are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 3 homes were sold in Rock Tavern; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 29 Days Ago

Newest Listings in Rock Tavern, NY

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