Is 11217, 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, 11217 has remained a Buyer's Market.
Key Takeaway
11217 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11217, NY
How much do homes in 11217, NY cost?
Median Sold Price
$1,825,000
$1,373/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11217 have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in 11217 was $1,825,000 in March 2024, up 9.8% from last year, and the median price per square foot was $1,373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $881K | +17.5% |
| 2 Bedrooms | $1.4M | $1.5M | +6.4% |
| 3 Bedrooms | $2.3M | $2.4M | +6.5% |
| 4 Bedrooms | $3.7M | $3.4M | -8.5% |
| 5+ Bedrooms | $3.6M | $4.1M | +14.5% |
Summary: 11217 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes increased by 14.5%.
Housing Supply in 11217, NY
How many homes are available in 11217, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 77 | 80 | +3.9% |
Summary: The 11217 real estate market had 80 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 11217 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11217, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in 11217 in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 86% were sold at asking, and 0% were sold over asking.
Days on Market for 11217, NY
We’re sorry, we don't have information for this market at the moment
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