Is 11225, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 11225 was a Neutral Market.
Key Takeaway
11225 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11225, NY
How much do homes in 11225, NY cost?
Median Sold Price
$989,000
$853/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11225 have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in 11225 was $989,000 in April 2024, up 16.4% from last year, and the median price per square foot was $853.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $675K | $535K | -20.7% |
| 2 Bedrooms | $1.0M | $975K | -10.6% |
| 3 Bedrooms | $1.1M | $1.2M | +4.9% |
| 4 Bedrooms | $2.1M | $1.8M | -14.8% |
| 5+ Bedrooms | $2.2M | $1.8M | -16.2% |
Summary: 11225 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes decreased by 10.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes decreased by 16.2%.
Housing Supply in 11225, NY
How many homes are available in 11225, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 73 | +1.4% |
Summary: The 11225 real estate market had 73 homes for sale in April 2024, a 1.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 12 | -20.0% |
| 2 Bedrooms | 21 | 20 | -4.8% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 18 | 21 | +16.7% |
Summary: The 11225 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
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 11225, 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 11225 in April 2024, down by 25.0% 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 11225, NY
How long does it take to sell a home in 11225, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 168 Days | +290.7% |
Summary: Homes in 11225 had an average of 168 days on market in Apr 2024, up by 290.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in 11225 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in 11225; 0% 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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