Is Rocky Point, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rocky Point is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Rocky Point has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Rocky Point, NY

How much do homes in Rocky Point, NY cost?

Median Sold Price

$495,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,500(+4.8%)

Key Takeaway

Homes in Rocky Point have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Rocky Point was $495,000 in November 2024, up 4.8% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $273.5K$333.5K
+21.9%
2 $360K$400K
+11.1%
3 $460K$492.5K
+7.1%
4 $590K$572.5K
-3.0%
5+ $675K$520K
-23.0%

Summary: Rocky Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 23%.

Median Sold Price Compared To Nearby Neighborhoods

Sound Beach
+16.8%
Ridge
+8.4%
East Shoreham
+7.3%
Rocky Point
+4.8%
Miller Place
+3.9%

Housing Supply in Rocky Point, NY

How many homes are available in Rocky Point, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8277-6.1%

Summary: The Rocky Point real estate market had 77 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2016
-20.0%
3 3031
+3.3%
4 1919
0.0%
5+ 109
-10.0%

Summary: The Rocky Point housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14140.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rocky Point, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Rocky Point in November 2024, the same as the previous month. Of the 14 sold homes, 14% were sold under asking, 14% were sold at asking, and 71% were sold over asking.

Days on Market for Rocky Point, NY

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

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days32 Days-19.8%

Summary: Homes in Rocky Point had an average of 32 days on market in Nov 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Rocky Point; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Rocky Point, NY

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