Is 11023, 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, 11023 was a Seller's Market.
Housing Prices in 11023, NY
How much do homes in 11023, NY cost?
Median Sold Price
$1,287,500
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11023 was $1,287,500 in March 2024, up 5.1% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217.5K | $370K | +70.1% |
2 Bedrooms | $485K | $512.5K | +5.7% |
3 Bedrooms | $999K | $1.0M | +5.1% |
4 Bedrooms | $1.2M | $1.4M | +11.0% |
5+ Bedrooms | $1.8M | $1.6M | -9.8% |
Summary: 11023 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.1%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 9.8%.
Housing Supply in 11023, NY
How many homes are available in 11023, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Summary: The 11023 real estate market had 33 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 9 | 13 | +44.4% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 11023 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 11023 in March 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 11023, NY
How long does it take to sell a home in 11023, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 53 Days | -12.5% |
Summary: Homes in 11023 had an average of 53 days on market in Mar 2024, down by 12.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 11023; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.