Is 10541, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 10541 was a Seller's Market.
Key Takeaway
10541 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 10541, NY
How much do homes in 10541, NY cost?
Median Sold Price
$525,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 10541 have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in 10541 was $525,000 in March 2024, up 1.9% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $316.5K | $335K | +5.8% |
| 2 Bedrooms | $400.5K | $417K | +4.1% |
| 3 Bedrooms | $525K | $530K | +1.0% |
| 4 Bedrooms | $597.5K | $657.5K | +10.0% |
| 5+ Bedrooms | $662.5K | $680K | +2.6% |
Summary: 10541 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Zip Codes
| 10588 | $490K | $565.4K | +15.4% |
| 10589 | $560K | $585K | +4.5% |
| 10541 | $515K | $525K | +1.9% |
Housing Supply in 10541, NY
How many homes are available in 10541, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 76 | 77 | +1.3% |
Summary: The 10541 real estate market had 77 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 19 | 21 | +10.5% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 10541 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 10541, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 10541 in March 2024, the same as the previous month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for 10541, NY
How long does it take to sell a home in 10541, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 66 Days | -14.9% |
Summary: Homes in 10541 had an average of 66 days on market in Mar 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 10541 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 10541; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Copyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.