Is 11209, 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, 11209 has remained a Buyer's Market.
Key Takeaway
11209 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11209, NY
How much do homes in 11209, NY cost?
Median Sold Price
$766,666
$538/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11209 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 11209 was $766,666 in March 2024, up 4.6% from last year, and the median price per square foot was $538.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332K | $331.7K | -0.1% |
| 2 Bedrooms | $602.5K | $518K | -14.0% |
| 3 Bedrooms | $1.1M | $1.1M | +8.2% |
| 4 Bedrooms | $1.4M | $1.4M | +2.5% |
| 5+ Bedrooms | $1.4M | $1.4M | +4.2% |
Summary: 11209 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Zip Codes
| 11209 | $733.2K | $766.6K | +4.6% |
| 11228 | $1.2M | $1.2M | -3.0% |
Housing Supply in 11209, NY
How many homes are available in 11209, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 215 | 224 | +4.2% |
Summary: The 11209 real estate market had 224 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 84 | 85 | +1.2% |
| 2 Bedrooms | 59 | 55 | -6.8% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 23 | 24 | +4.3% |
| 5+ Bedrooms | 23 | 30 | +30.4% |
Summary: The 11209 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 30.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11209, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 11209 in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.
Days on Market for 11209, NY
How long does it take to sell a home in 11209, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 121 Days | +49.9% |
Summary: Homes in 11209 had an average of 121 days on market in Mar 2024, up by 49.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11209 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 17 homes were sold in 11209; 6% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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