Is 11218, 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, 11218 has remained a Buyer's Market.
Key Takeaway
11218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11218, NY
How much do homes in 11218, NY cost?
Median Sold Price
$875,000
$731/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11218 have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in 11218 was $875,000 in March 2024, up 4.6% from last year, and the median price per square foot was $731.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $427.5K | -9.0% |
| 2 Bedrooms | $787K | $799.5K | +1.6% |
| 3 Bedrooms | $1.2M | $1.1M | -4.2% |
| 4 Bedrooms | $2.0M | $1.4M | -26.5% |
| 5+ Bedrooms | $1.6M | $1.9M | +15.9% |
Summary: 11218 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 26.5%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Zip Codes
| 11215 | $1.5M | $1.6M | +5.0% |
| 11218 | $836.6K | $875K | +4.6% |
Housing Supply in 11218, NY
How many homes are available in 11218, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 143 | 142 | -0.7% |
Summary: The 11218 real estate market had 142 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 55 | 61 | +10.9% |
| 2 Bedrooms | 43 | 38 | -11.6% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The 11218 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11218, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 11218 in March 2024, up by 20.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for 11218, NY
How long does it take to sell a home in 11218, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 147 Days | +224.3% |
Summary: Homes in 11218 had an average of 147 days on market in Mar 2024, up by 224.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11218 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in 11218; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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