Is 11216, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 11216 has remained a Buyer's Market.
Key Takeaway
11216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11216, NY
How much do homes in 11216, NY cost?
Median Sold Price
$1,295,000
$958/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11216 have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in 11216 was $1,295,000 in April 2024, down 7.3% from last year, and the median price per square foot was $958.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $710K | $620K | -12.7% |
| 2 Bedrooms | $998K | $998.7K | 0.1% |
| 3 Bedrooms | $1.4M | $1.2M | -7.5% |
| 4 Bedrooms | $2.6M | $1.8M | -31.4% |
| 5+ Bedrooms | $2.1M | $2.6M | +21.9% |
Summary: 11216 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes increased by 21.9%.
Housing Supply in 11216, NY
How many homes are available in 11216, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 88 | 84 | -4.5% |
Summary: The 11216 real estate market had 84 homes for sale in April 2024, a 4.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 18 | +5.9% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 40 | 38 | -5.0% |
Summary: The 11216 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11216, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 11216 in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for 11216, NY
We’re sorry, we don't have information for this market at the moment
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