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Massapequa, LI Housing Market

By
Managing Real Estate Broker

Massapequa Long Island NY Housing Market

Massapequa Housing Market

 For The  Month of February 2014

View 240 Massapequa Homes For Sale Up From 249 In January

View 50 Massapequa Park Homes For Sale Down From 54 In January

   To view 8 buying your home now tips Click Here.

        In the month of February 36 Homes Sold in Massapequa 11758 & 11762 - Down from 40 Homes Sold in Massapequa in January

       The Lowest Sold Price was $200,000 - Down from $225,000 in January

This home was a short sale in SD 6

   Massapequa Sold Homes

   The Highest Sold Price was $975,000 - Up from $785,000 In January

This home was custom built after the purchase   Massapequa House Sold

   The Median Sold Price Was $411,000 - Down from $415,000 in January

    The Median Property Taxes were $11,703 - Up $11,154 in January

    The Average Days on the market were 93 - Up from 73 in January

Statistics

FieldCountMean
(Average)MedianModeLowHigh
Listing Price 35 $465,710 $424,900 $449,000 $219,990 $975,000
Original Price 35 $483,482 $449,000 $449,000 $249,000 $975,000
Sold Price 35 $446,144 $411,000 $355,000 $200,000 $975,000
% Difference 35 4.76 3.3 0 0 29.1
Taxes 33 $11,802 $11,703 $7,758 $7,758 16264.72
Bedrooms 35 3.9 4 4 3 6
Baths 35 2.3 2 2 1 3.5
Days On Market 34 94 74.5 29 7 361

 The above sales report covers the entire Massapequa area (11758 and 11762) and all MLS  participating brokers.

   If you're home is currently on the market this report makes it is apparent that the  supply remains much greater than the demand which necessitates pricing your home competitively to compete with the vast number of other homes on the market. 

 Sellers should note that pricing is stable, not rising but no longer falling. However rates are rising as are property taxes which certainly will have a negative effect on Long Island home values as we move forward. As property taxes rise property values must fall. It is critical that all homeowners pay attention to their property taxes and grieve them when their accessed value is higher than their market value. Contact us for a free market evaluation to determine if your property is over accessed. Click here for a free on-line evaluation.

 Buyers should note that higher interest rates as well as rising property taxes will have a negative effect on their approved loan amount.  Click here for a free pre-approval. If you are serious about buying a home on Long Island buy sooner rather than later.

   If you are thinking of putting your home on the market please contact us for a free no obligation consultation.

  To view 5 things sellers much require of a real estate agent Click Here.

  If you are in the market to buy a home on Long Island please contact us to assist you with your purchase as we have done for home-buyers since 1984.

If you are interested in receiving an all cash offer for your house please contact us.

 View 22,805 Nassau & Suffolk County Homes for Sale

Massapequa Housing Market Report December 2013

Massapequa Housing Market Report January 2014

Comments (6)

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Beth, So much good information here for buyers and sellers in the Massapequa real estate market. You will be getting attention from this for a long time to come.

Mar 02, 2014 07:41 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Richard & Beth, great Massapequa information. Very detailed and shows the people who the real professional Broker team is

Mar 02, 2014 11:10 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Inventory still falling and prices still rising.  That's what it takes to see RECOVERY!

Mar 02, 2014 11:57 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Beth. I can always get the right information from any of yours market reports. Buyers and sellers in this market should be contacting you for representation.

Make it a great week!

Mar 02, 2014 06:48 PM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on your local market.

 

Thank you for sharing this important information about the Real Estate market in your area!

Mar 02, 2014 09:02 PM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

One of my best friends lived in Massapequa, Beth.  She long ago moved to CA.  The prices are certainly different from in the 80's. Good report.

Mar 03, 2014 08:03 AM