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Fixer Upper Homes in Far Rockaway, NY

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Far Rockaway, NY Foreclosures

Current Market Conditions in in Far Rockaway, NY As of February 2026?
Over the past month, Far Rockaway's real estate market has experienced a slight uptick in home prices as buyers continue to compete for the limited inventory available. The average price of properties has risen approximately 2% from September to October as interest rates remain stable, encouraging buyers to enter the market. Additionally, open houses have seen increased traffic, indicating heightened buyer interest and demand.
How much do homes sell for in Far Rockaway, NY?
The average home price is currently $903,185.
In Far Rockaway, NY, how many homes are available?
There are currently 1 active home listings available in Far Rockaway.
What’s the average rental cost in Far Rockaway, NY?
The average rental price in Far Rockaway is $2,124.
What is the most expensive home in Far Rockaway?
The most expensive home sold in Far Rockaway had a price of $220,477,552.
What is currently the cheapest priced home in Far Rockaway, NY?
The cheapest home for sale in Far Rockaway is priced at $10,643.

Living in Far Rockaway, NY

Far Rockaway, NY, is a vibrant coastal community known for its beautiful beaches and outdoor activities. The area is accessible via public transportation, making it convenient for commuters. Residents enjoy a tight-knit community feel, with a variety of local shops, restaurants, and schools.

Buyer vs Seller Market in Far Rockaway, NY

The real estate market in Far Rockaway has shown a steady increase in demand over the past year, characterized by rising prices and a competitive environment. Many potential buyers are attracted to the neighborhood because of its unique coastal lifestyle and convenient access to transportation. The market has become increasingly popular among young families, which has led to a surge in home renovations and new developments.

As of October 2023, there are currently fewer homes available for purchase, resulting in a seller's market where buyers are often required to act quickly to secure a property. While prices have increased, the area continues to provide a range of housing options catering to various budgets, from multi-family homes to single-family residences.

Home Value Estimator For Far Rockaway, NY

There are currently 20,879 real estate properties in Far Rockaway, NY, with a median automated valuation model (AVM) price of $713,443.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Far Rockaway, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Far Rockaway, NY, is $903,185.00, with the most expensive house in Far Rockaway, NY, topping out at $220,477,552.00 and the cheapest home in Far Rockaway, NY, clocking in at $10,643.00. In other words, there’s something for every potential homebuyer or savvy investor in Far Rockaway, NY!

Rent Prices In Far Rockaway, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Far Rockaway, NY, is on a rollercoaster ride. The average rent price in Far Rockaway, NY, is $2,124.00. Indeed, when looking to rent in Far Rockaway, NY, you can expect to pay as little as $800.00 or as much as $4,640.00, with the average rent median estimated to be $2,020.00. The good news is that finding an affordable and desirable property to rent in Far Rockaway, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Far Rockaway, NY Fixer Upper Homes

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