$6,472 Closing Credit*
$545,000
2 Beds
•2 Full Baths
Listing Office: Coastal Real Estate LLC
Is Rockaway Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Rockaway Park was a Seller'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
$675,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+3.8%)
Key Takeaway
Homes in Rockaway Park have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Rockaway Park was $675,000 in October 2024, up 3.8% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $294K | $338K | +15.0% |
| 2 Bedrooms | $577K | $675K | +17.0% |
| 3 Bedrooms | $850K | $480K | -43.5% |
| 4 Bedrooms | $855K | $977.5K | +14.3% |
| 5+ Bedrooms | $1.0M | $998K | -5.6% |
Summary: Rockaway Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 17%, 3 bedroom homes decreased by 43.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Rockaway Park | $650K | $675K | +3.8% |
| The Rockaways | $680K | $672.7K | -1.1% |
Housing Supply in Rockaway Park, NY
How many homes are available in Rockaway Park, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The Rockaway Park real estate market had 37 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rockaway Park 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 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rockaway Park, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Rockaway Park in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 99 Days | 42 Days | -57.6% |
Summary: Homes in Rockaway Park had an average of 42 days on market in Oct 2024, down by 57.6% 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 October 2024, 4 homes were sold in Rockaway Park; 0% of homes were sold within 30 days, 25% 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. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
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.