Is Massapequa Park, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Massapequa Park was a Seller's Market.
Housing Prices in Massapequa Park, NY
How much do homes in Massapequa Park, NY cost?
Median Sold Price
$680,000
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Massapequa Park was $680,000 in May 2024, up 4.6% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $615K | $665K | +8.1% |
3 Bedrooms | $629.5K | $656K | +4.2% |
4 Bedrooms | $673.5K | $682.5K | +1.3% |
5+ Bedrooms | $792K | $850K | +7.3% |
Summary: Massapequa Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Farmingdale | $565K | $615.5K | +8.9% |
Oyster Bay | $724.1K | $775.5K | +7.1% |
Massapequa Park | $650K | $680K | +4.6% |
Housing Supply in Massapequa Park, NY
How many homes are available in Massapequa Park, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 70 | +18.6% |
Summary: The Massapequa Park real estate market had 70 homes for sale in May 2024, a 18.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Massapequa Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Massapequa Park in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.
Days on Market for Massapequa Park, NY
How long does it take to sell a home in Massapequa Park, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 20 Days | -64.1% |
Summary: Homes in Massapequa Park had an average of 20 days on market in May 2024, down by 64.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Massapequa Park; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.