Is 10918, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10918 is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 10918 was a Seller's Market.

Key Takeaway

10918 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10918, NY

How much do homes in 10918, NY cost?

Median Sold Price

$495,000

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+4.2%)

Key Takeaway

Homes in 10918 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 10918 was $495,000 in March 2024, up 4.2% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $172K$167.7K
-2.5%
2 $265K$275K
+3.8%
3 $405K$415K
+2.5%
4 $585K$600K
+2.6%
5+ $602K$515K
-14.5%

Summary: 10918 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Zip Codes

10950
+8.0%
10918
+4.2%
10992
+3.8%
10924
-3.2%

Housing Supply in 10918, NY

How many homes are available in 10918, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6059-1.7%

Summary: The 10918 real estate market had 59 homes for sale in March 2024, a 1.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 2121
0.0%
4 2726
-3.7%
5+ 67
+16.7%

Summary: The 10918 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10918, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 10918 in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 38% were sold at asking, and 50% were sold over asking.

Days on Market for 10918, NY

How long does it take to sell a home in 10918, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
86 Days26 Days-69.7%

Summary: Homes in 10918 had an average of 26 days on market in Mar 2024, down by 69.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10918 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 8 homes were sold in 10918; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in 10918, NY

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