Is 10956, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10956 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 10956 was a Buyer's Market.

Key Takeaway

10956 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 10956, NY

How much do homes in 10956, NY cost?

Median Sold Price

$700,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,000(+6.1%)

Key Takeaway

Homes in 10956 have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in 10956 was $700,000 in March 2024, up 6.1% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $334.5K$317.5K
-5.1%
2 $397.5K$439K
+10.4%
3 $530K$570K
+7.5%
4 $678K$700K
+3.2%
5+ $825K$822.5K
-0.3%

Summary: 10956 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Zip Codes

10923
+12.0%
10956
+6.1%
10954
+6.0%
10977
+5.5%
10920
-1.7%

Housing Supply in 10956, NY

How many homes are available in 10956, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7490+21.6%

Summary: The 10956 real estate market had 90 homes for sale in March 2024, a 21.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 77
0.0%
3 1017
+70.0%
4 2935
+20.7%
5+ 2730
+11.1%

Summary: The 10956 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 remained the same, 3 bedroom homes increased by 70%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1015+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10956, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 10956 in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for 10956, NY

How long does it take to sell a home in 10956, NY?

Average Sale Time

Mar 2023Mar 2024CHANGE
60 Days45 Days-25.5%

Summary: Homes in 10956 had an average of 45 days on market in Mar 2024, down by 25.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10956 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in 10956; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% 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 23 Days Ago

Newest Listings in 10956, NY

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