Is 11228, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 11228 was a Seller's Market.
Key Takeaway
11228 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11228, NY
How much do homes in 11228, NY cost?
Median Sold Price
$1,200,000
$686/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11228 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 11228 was $1,200,000 in March 2024, down 3% from last year, and the median price per square foot was $686.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329K | $297.5K | -9.6% |
| 2 Bedrooms | $710K | $725K | +2.1% |
| 3 Bedrooms | $1.0M | $1.0M | -0.4% |
| 4 Bedrooms | $1.2M | $1.2M | +0.8% |
| 5+ Bedrooms | $1.4M | $1.5M | +10.5% |
Summary: 11228 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Zip Codes
| 11209 | $733.2K | $766.6K | +4.6% |
| 11228 | $1.2M | $1.2M | -3.0% |
Housing Supply in 11228, NY
How many homes are available in 11228, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 81 | +1.3% |
Summary: The 11228 real estate market had 81 homes for sale in March 2024, a 1.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 5 | -28.6% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The 11228 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11228, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 11228 in March 2024, the same as the previous month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for 11228, NY
How long does it take to sell a home in 11228, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 116 Days | +65.8% |
Summary: Homes in 11228 had an average of 116 days on market in Mar 2024, up by 65.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11228 has remained consistent over time.
Summary: During March 2024, 10 homes were sold in 11228; 10% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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