$8,301 Closing Credit*
$699,000
1,703 SqFt
5 Beds
•2 Full Baths
Listing Office: Redfin Real Estate
Is Ronkonkoma, 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, Ronkonkoma has remained a Seller's Market.
Key Takeaway
Ronkonkoma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ronkonkoma, NY
How much do homes in Ronkonkoma, NY cost?
Median Sold Price
$552,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,200(+4.2%)
Key Takeaway
Homes in Ronkonkoma have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Ronkonkoma was $552,000 in November 2024, up 4.2% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $330K | +13.8% |
| 2 Bedrooms | $380K | $388.2K | +2.2% |
| 3 Bedrooms | $521K | $554K | +6.3% |
| 4 Bedrooms | $570K | $645K | +13.2% |
| 5+ Bedrooms | $603.5K | $635.5K | +5.3% |
Summary: Ronkonkoma housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Holbrook | $545K | $607.5K | +11.5% |
| Hauppauge | $650K | $720K | +10.8% |
| Lake Ronkonkoma | $549.5K | $600K | +9.2% |
| Town of Smithtown | $668.8K | $729.2K | +9.0% |
| Ronkonkoma | $529.8K | $552K | +4.2% |
Housing Supply in Ronkonkoma, NY
How many homes are available in Ronkonkoma, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 62 | -4.6% |
Summary: The Ronkonkoma real estate market had 62 homes for sale in November 2024, a 4.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Ronkonkoma housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ronkonkoma, you could pay more than the asking price. 90.9% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Ronkonkoma in November 2024, the same as the previous month. Of the 11 sold homes, 0% were sold under asking, 9% were sold at asking, and 91% were sold over asking.
Days on Market for Ronkonkoma, NY
How long does it take to sell a home in Ronkonkoma, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 14 Days | -56.7% |
Summary: Homes in Ronkonkoma had an average of 14 days on market in Nov 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ronkonkoma are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Ronkonkoma; 100% of homes were sold within 30 days, 0% 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.