Is 10940, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 10940 has remained a Seller's Market.
Housing Prices in 10940, NY
How much do homes in 10940, NY cost?
Median Sold Price
$357,500
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 10940 was $357,500 in March 2024, up 13.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153K | $138K | -9.8% |
2 Bedrooms | $240K | $265K | +10.4% |
3 Bedrooms | $324.9K | $350K | +7.7% |
4 Bedrooms | $377K | $422.5K | +12.1% |
5+ Bedrooms | $371K | $425K | +14.6% |
Summary: 10940 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Zip Codes
10940 | $315K | $357.5K | +13.5% |
10941 | $375K | $415K | +10.7% |
Housing Supply in 10940, NY
How many homes are available in 10940, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
166 | 156 | -6.0% |
Summary: The 10940 real estate market had 156 homes for sale in March 2024, a 6.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 24 | 25 | +4.2% |
3 Bedrooms | 86 | 78 | -9.3% |
4 Bedrooms | 38 | 36 | -5.3% |
5+ Bedrooms | 14 | 13 | -7.1% |
Summary: The 10940 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 4.2%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 10940 in March 2024, down by 12.5% month-over-month. Of the 28 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for 10940, NY
How long does it take to sell a home in 10940, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 51 Days | +13.9% |
Summary: Homes in 10940 had an average of 51 days on market in Mar 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in 10940; 46% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.