Is 11001, 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, 11001 was a Seller's Market.
Housing Prices in 11001, NY
How much do homes in 11001, NY cost?
Median Sold Price
$760,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11001 was $760,000 in March 2024, up 4.1% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243.5K | $345K | +41.7% |
2 Bedrooms | $549.5K | $547K | -0.5% |
3 Bedrooms | $695K | $724.8K | +4.3% |
4 Bedrooms | $760K | $835K | +9.9% |
5+ Bedrooms | $925K | $970K | +4.9% |
Summary: 11001 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.7%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 11001, NY
How many homes are available in 11001, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 80 | +17.6% |
Summary: The 11001 real estate market had 80 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 26 | 32 | +23.1% |
4 Bedrooms | 21 | 29 | +38.1% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The 11001 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 11001 in March 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 11001, NY
How long does it take to sell a home in 11001, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 66 Days | -16.9% |
Summary: Homes in 11001 had an average of 66 days on market in Mar 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in 11001; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.