Is 11207, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 11207 has remained a Buyer's Market.
Key Takeaway
11207 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11207, NY
How much do homes in 11207, NY cost?
Median Sold Price
$382,000
$390/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 11207 have sold for 49.7% less than they did a month ago.
Summary: The median home sold price in 11207 was $382,000 in March 2024, down 49.7% from last month, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $802.5K | $359K | -55.3% |
| 3 Bedrooms | $475K | $580K | +22.1% |
| 4 Bedrooms | $1.0M | $382K | -64.5% |
| 5+ Bedrooms | $900K | $950K | +5.6% |
Summary: 11207 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.3%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 64.5%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in 11207, NY
How many homes are available in 11207, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 163 | 163 | 0.0% |
Summary: The 11207 real estate market had 163 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 81 | 82 | +1.2% |
Summary: The 11207 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 1.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11207, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 11207 in March 2024, down by 38.9% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 11207, NY
How long does it take to sell a home in 11207, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 134 Days | +120.9% |
Summary: Homes in 11207 had an average of 134 days on market in Mar 2024, up by 120.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11207 has remained consistent over time.
Summary: During March 2024, 11 homes were sold in 11207; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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. 
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