Is 11050, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 11050 was a Neutral Market.
Housing Prices in 11050, NY
How much do homes in 11050, NY cost?
Median Sold Price
$1,145,000
$522/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11050 was $1,145,000 in April 2024, up 5.5% from last year, and the median price per square foot was $522.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299K | $370K | +23.7% |
2 Bedrooms | $691.6K | $680K | -1.7% |
3 Bedrooms | $985.6K | $1.0M | +5.8% |
4 Bedrooms | $1.2M | $1.3M | +9.1% |
5+ Bedrooms | $2.1M | $1.7M | -14.6% |
Summary: 11050 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14.6%.
Housing Supply in 11050, NY
How many homes are available in 11050, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
105 | 112 | +6.7% |
Summary: The 11050 real estate market had 112 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 20 | 27 | +35.0% |
4 Bedrooms | 32 | 30 | -6.3% |
5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The 11050 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 35%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 8 | -61.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 11050 in April 2024, down by 61.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for 11050, NY
How long does it take to sell a home in 11050, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
133 Days | 87 Days | -34.2% |
Summary: Homes in 11050 had an average of 87 days on market in Apr 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in 11050; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.