Is Far Rockaway, NY 11691 a buyer’s or seller’s market?

The Far Rockaway housing market right now

In the three months ending August 31, 2026, 20% of homes in Far Rockaway, NY 11691 sold above their list price, the typical home went under contract in 50 days and there were 5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 36 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold faster (107 days then) and the median sale price rose 7% to $679,706. Overall, Far Rockaway is more competitive than a year ago, so tougher for buyers.

Within Queens County, homes here sell faster than in 59% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, Far Rockaway ranks #571 of 649 NY ZIP codes with enough sales (score 29 out of 100).

Nearby, buyers who want less competition could look at Breezy Point 11697 (0% sold over asking) or Floral Park 11005 (0% sold over asking), while Saint Albans 11412 (45% sold over asking) and Cambria Heights 11411 (44% sold over asking) are even more competitive.