Is 11005, 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, 11005 has remained a Buyer's Market.
Housing Prices in 11005, NY
How much do homes in 11005, NY cost?
Median Sold Price
$408,500
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11005 was $408,500 in March 2024, down 14% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $347.5K | $319K | -8.2% |
2 Bedrooms | $605K | $555K | -8.3% |
3 Bedrooms | $950K | $991.6K | +4.4% |
4 Bedrooms | $1.7M | $1.1M | -34.8% |
5+ Bedrooms | - | - | N/A |
Summary: 11005 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.2%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 34.8%, and 5+ bedroom homes did not change.
Housing Supply in 11005, NY
How many homes are available in 11005, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 77 | +6.9% |
Summary: The 11005 real estate market had 77 homes for sale in March 2024, a 6.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 51 | 53 | +3.9% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 11005 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 11005 in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 11005, NY
How long does it take to sell a home in 11005, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
154 Days | 117 Days | -24.1% |
Summary: Homes in 11005 had an average of 117 days on market in Mar 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 11005; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.