Is 10461, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10461 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 10461 was a Seller's Market.

Key Takeaway

10461 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 10461, NY

How much do homes in 10461, NY cost?

Median Sold Price

$725,000

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$25,000(-3.3%)

Key Takeaway

Homes in 10461 have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in 10461 was $725,000 in April 2024, down 3.3% from last year, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $177.5K$178.9K
+0.8%
2 $490K$329K
-32.9%
3 $660K$650K
-1.5%
4 $750K$770K
+2.7%
5+ $950K$950K
0.0%

Summary: 10461 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 32.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

10462
+6.7%
10469
+3.1%
10465
-1.4%
10461
-3.3%

Housing Supply in 10461, NY

How many homes are available in 10461, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
98109+11.2%

Summary: The 10461 real estate market had 109 homes for sale in April 2024, a 11.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1213
+8.3%
2 68
+33.3%
3 2630
+15.4%
4 2323
0.0%
5+ 3135
+12.9%

Summary: The 10461 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
817+112.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10461, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 10461 in April 2024, up by 112.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.

Days on Market for 10461, NY

How long does it take to sell a home in 10461, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
94 Days78 Days-16.9%

Summary: Homes in 10461 had an average of 78 days on market in Apr 2024, down by 16.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10461 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 17 homes were sold in 10461; 35% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in 10461, NY

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