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 buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Rocky Point was a Seller's Market.

Key Takeaway

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

Housing Prices in Rocky Point, NY

How much do homes in Rocky Point, NY cost?

Median Sold Price

$499,500

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,500(+8.4%)

Key Takeaway

Homes in Rocky Point have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Rocky Point was $499,500 in October 2024, up 8.4% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $290K$333.5K
+15.0%
2 $360K$400K
+11.1%
3 $457.5K$484.4K
+5.9%
4 $550K$587.5K
+6.8%
5+ $687K$520K
-24.3%

Summary: Rocky Point 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 11.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 24.3%.

Median Sold Price Compared To Nearby Neighborhoods

Sound Beach
+12.8%
Rocky Point
+8.4%
East Shoreham
+8.3%
Ridge
+7.6%
Miller Place
+4.8%

Housing Supply in Rocky Point, NY

How many homes are available in Rocky Point, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8285+3.7%

Summary: The Rocky Point real estate market had 85 homes for sale in October 2024, a 3.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1721
+23.5%
3 3332
-3.0%
4 1919
0.0%
5+ 1010
0.0%

Summary: The Rocky Point 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 23.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 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. 75% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Rocky Point in October 2024, down by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Oct 2023Oct 2024CHANGE
38 Days41 Days+9.2%

Summary: Homes in Rocky Point had an average of 41 days on market in Oct 2024, up by 9.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 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 October 2024, 12 homes were sold in Rocky Point; 42% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% 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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