$6,288 Closing Credit*
$529,500
1,008 SqFt
3 Beds
•1 Full Bath
Listing Office: Century 21 AA Realty
Is Ronkonkoma, 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, Ronkonkoma was a Seller's Market.
Key Takeaway
Ronkonkoma is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ronkonkoma, NY
How much do homes in Ronkonkoma, NY cost?
Median Sold Price
$540,000
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+2.9%)
Key Takeaway
Homes in Ronkonkoma have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Ronkonkoma was $540,000 in October 2024, up 2.9% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $322K | +11.0% |
| 2 Bedrooms | $375K | $386.3K | +3.0% |
| 3 Bedrooms | $522K | $542.5K | +3.9% |
| 4 Bedrooms | $570K | $640K | +12.3% |
| 5+ Bedrooms | $603.5K | $641K | +6.2% |
Summary: Ronkonkoma housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hauppauge | $650K | $720K | +10.8% |
| Holbrook | $542.7K | $600K | +10.5% |
| Town of Smithtown | $665K | $725.6K | +9.1% |
| Lake Ronkonkoma | $547.5K | $582.5K | +6.4% |
| Ronkonkoma | $525K | $540K | +2.9% |
Housing Supply in Ronkonkoma, NY
How many homes are available in Ronkonkoma, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 67 | +11.7% |
Summary: The Ronkonkoma real estate market had 67 homes for sale in October 2024, a 11.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Ronkonkoma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 11 | +10.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ronkonkoma, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Ronkonkoma in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 31 Days | -30.6% |
Summary: Homes in Ronkonkoma had an average of 31 days on market in Oct 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ronkonkoma are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Ronkonkoma; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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.