Wantagh, NY 11793 Real Estate Market Report

ZIP Code: 11793
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The neighborhood’s primary market-value signal is the median sold price $779,000, which should be treated as the representative recent sale benchmark for valuation and comparables in Wantagh; hot market conditions support upward price momentum.

2. There is a notable gap between the median listing price $999,999 and the median sold price $779,000, which may indicate pricing friction where seller expectations exceed recent transaction levels and suggests careful pricing is needed to achieve timely contracts.

3. Liquidity appears muted when judged by median days on market 312, which points to slower sales velocity relative to a fast-moving market and suggests sellers may need longer marketing windows even as the market temperature is labeled hot.

4. Market drivers are mixed: price and rent trends are reported as up and market temperature is reported as hot, while interest rate pressure is described as elevated; with median price per square foot $480 and median market rent $3,800, investors and owner-occupiers should weigh rising rents and price appreciation against elevated financing costs when assessing acquisition timing.

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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.

Wantagh, NY 11793 Real Estate Market Report

ZIP Code: 11793
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The primary market value signal is the median sold price $580,000, which reflects recent transaction activity and suggests sustained pricing power in the neighborhood; with the market temperature as hot, sellers continue to capture strong sale outcomes.

2. The median price per square foot $470 reinforces elevated local pricing levels per unit area and, paired with a up price year-over-year trend, indicates ongoing appreciation pressure that may challenge affordability for marginal buyers.

3. Observed liquidity appears robust: reported sold transactions are meaningful in the sample and the market exhibits up rent year-over-year trend alongside the median market rent of $3,800, suggesting continued demand for both owner-occupied and rented units, though interest rate dynamics may temper transaction pace.

4. Despite strong prices, interest rate pressure elevated is a material headwind; this elevated rate environment may increase buyer financing costs and could slow sales velocity or widen timing between listings and closings, so price execution should be monitored closely when marketing properties.

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Notable Properties

The following 4 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.