Is Rockaway Beach, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockaway Beach is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Rockaway Beach has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Rockaway Beach, NY

How much do homes in Rockaway Beach, NY cost?

Median Sold Price

$860,000

$694/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$210,000(+32.3%)

Key Takeaway

Homes in Rockaway Beach have sold for 32.3% more than they did a month ago.

Summary: The median home sold price in Rockaway Beach was $860,000 in October 2024, up 32.3% from last month, and the median price per square foot was $694.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $650K$860K
+32.3%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Rockaway Beach housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rockaway Beach, NY

How many homes are available in Rockaway Beach, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1920+5.3%

Summary: The Rockaway Beach real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1415
+7.1%
3 11
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Rockaway Beach 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 7.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockaway Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Rockaway Beach in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Rockaway Beach, NY

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

Average Sale Time

Sep 2024Oct 2024CHANGE
126 Days118 Days-6.3%

Summary: Homes in Rockaway Beach had an average of 118 days on market in Oct 2024, down by 6.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Rockaway Beach; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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