Is 11221, 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, 11221 has remained a Buyer's Market.
Key Takeaway
11221 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11221, NY
How much do homes in 11221, NY cost?
Median Sold Price
$1,100,000
$762/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11221 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 11221 was $1,100,000 in March 2024, up 4.8% from last year, and the median price per square foot was $762.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $560K | $630K | +12.5% |
| 2 Bedrooms | $820K | $910K | +11.0% |
| 3 Bedrooms | $1.1M | $1.2M | +7.9% |
| 4 Bedrooms | $1.5M | $1.3M | -8.5% |
| 5+ Bedrooms | $1.6M | $1.4M | -11.9% |
Summary: 11221 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in 11221, NY
How many homes are available in 11221, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 140 | +2.9% |
Summary: The 11221 real estate market had 140 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 27 | -3.6% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 62 | 71 | +14.5% |
Summary: The 11221 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +85.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11221, expect to pay close to the asking price. 76.9% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 11221 in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 77% were sold at asking, and 0% were sold over asking.
Days on Market for 11221, NY
How long does it take to sell a home in 11221, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 81 Days | 56 Days | -30.9% |
Summary: Homes in 11221 had an average of 56 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11221 has remained consistent over time.
Summary: During March 2024, 13 homes were sold in 11221; 0% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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