Is 11205, 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, 11205 has remained a Buyer's Market.
Key Takeaway
11205 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11205, NY
How much do homes in 11205, NY cost?
Median Sold Price
$950,000
$1,009/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11205 have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in 11205 was $950,000 in March 2024, up 8.1% from last year, and the median price per square foot was $1,009.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $723K | $690K | -4.6% |
| 2 Bedrooms | $961K | $1.1M | +17.8% |
| 3 Bedrooms | $1.6M | $1.4M | -16.0% |
| 4 Bedrooms | $2.2M | $2.2M | +1.9% |
| 5+ Bedrooms | $2.8M | $2.6M | -8.7% |
Summary: 11205 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 16%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 8.7%.
Housing Supply in 11205, NY
How many homes are available in 11205, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 60 | -9.1% |
Summary: The 11205 real estate market had 60 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 17 | -10.5% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The 11205 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11205, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 11205 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for 11205, NY
How long does it take to sell a home in 11205, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 92 Days | +475.0% |
Summary: Homes in 11205 had an average of 92 days on market in Mar 2024, up by 475% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11205 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in 11205; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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