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Monday, December 23, 2024

Lake Ronkonkoma home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in Lake Ronkonkoma fell by $15,000 while total sales increased by 10%, according to BlockShopper.com.

From October through December of 2017, there were 55 homes sold, with a median sale price of $315,000 - a 4.5% decrease over the $330,000 median sale price for the same period of the previous year. There were 50 homes sold in Lake Ronkonkoma in the fourth quarter of 2016.

The following table compares Lake Ronkonkoma to other Suffolk County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Lake Grove393030%$322,500$375,500-14.1%
Centereach937327.4%$320,000$319,3000.2%
New Suffolk770%$315,000$237,00032.9%
Terryville2736-25%$315,000$301,4254.5%
Port Jefferson Station201811.1%$315,000$300,5004.8%
Lake Ronkonkoma555010%$315,000$330,000-4.5%
Farmingville66626.5%$314,950$295,0006.8%
Islandia815-46.7%$314,800$255,00023.5%
Holtsville412564%$312,000$339,000-8%
Islip Terrace1316-18.8%$310,000$275,00012.7%
Riverhead554231%$307,500$304,727.500.9%

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