Is 11224, 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, 11224 has remained a Buyer's Market.
Housing Prices in 11224, NY
How much do homes in 11224, NY cost?
Median Sold Price
$460,000
$430/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11224 was $460,000 in April 2024, down 7.1% from last year, and the median price per square foot was $430.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $332.5K | +5.6% |
2 Bedrooms | $480K | $440K | -8.3% |
3 Bedrooms | $637.5K | $625K | -2.0% |
4 Bedrooms | $779K | $689.9K | -11.4% |
5+ Bedrooms | $974.9K | $730K | -25.1% |
Summary: 11224 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 25.1%.
Housing Supply in 11224, NY
How many homes are available in 11224, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 72 | +7.5% |
Summary: The 11224 real estate market had 72 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 17 | +21.4% |
2 Bedrooms | 24 | 24 | 0.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The 11224 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 11224 in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for 11224, NY
How long does it take to sell a home in 11224, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
87 Days | 83 Days | -3.6% |
Summary: Homes in 11224 had an average of 83 days on market in Apr 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in 11224; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.