$2,957 Closing Credit*
$249,000
550 SqFt
Studio
•1 Full Bath
Listing Office: BERKSHIRE HATHAWAY
Is Rockaway 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, Rockaway Park has remained a Buyer's Market.
Key Takeaway
Rockaway Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rockaway Park, NY
How much do homes in Rockaway Park, NY cost?
Median Sold Price
$650,000
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,000(+8.5%)
Key Takeaway
Homes in Rockaway Park have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Rockaway Park was $650,000 in November 2024, up 8.5% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $289K | $344K | +19.0% |
| 2 Bedrooms | $552K | $650K | +17.8% |
| 3 Bedrooms | $850K | $480K | -43.5% |
| 4 Bedrooms | $855K | $977.5K | +14.3% |
| 5+ Bedrooms | $1.0M | $999K | -5.5% |
Summary: Rockaway Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 43.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Rockaway Park | $599K | $650K | +8.5% |
| The Rockaways | $680K | $650K | -4.4% |
| Rockaway Beach | $580K | $430K | -25.9% |
Housing Supply in Rockaway Park, NY
How many homes are available in Rockaway Park, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The Rockaway Park real estate market had 35 homes for sale in November 2024, a 7.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Rockaway 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 decreased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockaway Park, 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 Park in November 2024, down by 75.0% month-over-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 Park, NY
How long does it take to sell a home in Rockaway Park, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 58 Days | -3.3% |
Summary: Homes in Rockaway Park had an average of 58 days on market in Nov 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rockaway Park has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Rockaway Park; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.