Is 11201, 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, 11201 has remained a Buyer's Market.
Key Takeaway
11201 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11201, NY
How much do homes in 11201, NY cost?
Median Sold Price
$1,549,000
$1,516/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11201 have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in 11201 was $1,549,000 in March 2024, up 10.6% from last year, and the median price per square foot was $1,516.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $825K | $862.5K | +4.5% |
| 2 Bedrooms | $1.5M | $1.5M | +6.0% |
| 3 Bedrooms | $2.8M | $2.4M | -13.9% |
| 4 Bedrooms | $4.3M | $5.1M | +19.4% |
| 5+ Bedrooms | $7.7M | $7.3M | -5.5% |
Summary: 11201 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 5.5%.
Housing Supply in 11201, NY
How many homes are available in 11201, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 416 | 386 | -7.2% |
Summary: The 11201 real estate market had 386 homes for sale in March 2024, a 7.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 123 | 115 | -6.5% |
| 2 Bedrooms | 139 | 134 | -3.6% |
| 3 Bedrooms | 102 | 82 | -19.6% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The 11201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11201, expect to pay close to the asking price. 90.6% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in 11201 in March 2024, down by 3.0% month-over-month. Of the 32 sold homes, 6% were sold under asking, 91% were sold at asking, and 3% were sold over asking.
Days on Market for 11201, NY
We’re sorry, we don't have information for this market at the moment
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.