Is Far Rockaway, NY 11693 a buyer’s or seller’s market?

The Far Rockaway housing market right now

In the three months ending August 31, 2026, 13% of homes in Far Rockaway, NY 11693 sold above their list price, the typical home went under contract in 114 days and there were 5.4 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 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (54 days then) and the median sale price rose 53% to $669,710. Overall, Far Rockaway is less competitive than a year ago, which gives buyers more room.

Within Queens County, homes here sell more slowly than in 98% of the county’s ZIP codes, and sell less often over asking than in 78%. On our competition score, Far Rockaway ranks #632 of 649 NY ZIP codes with enough sales (score 15 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.