Wantagh, NY 11793 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Key Findings

1. The neighborhood's primary indicator is the median sold price 725,000, which represents recent transaction-level market value and should guide valuations; juxtaposed with the median listing price 888,500, this gap suggests pricing friction and elevated seller expectations relative to completed sales.
2. Liquidity appears muted with a median days on market of 333, which suggests slower sales velocity and prolonged marketing periods that may increase time-to-contract and create negotiation opportunities for buyers.
3. Market strength remains intact: price year-over-year trend is up and market temperature is hot, indicating persistent demand; rental support is present with a median market rent of 3,100, which is relevant for investor underwriting and hold strategies.
4. Pricing density is high with a median price per square foot of 470, which—combined with the listing/sold gap—suggests limited per-foot discounting; interest rate pressure is moderate, so underwrite deals with sensitivity to near-term borrowing cost changes.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.