Is 11229, 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, 11229 has remained a Buyer's Market.
Housing Prices in 11229, NY
How much do homes in 11229, NY cost?
Median Sold Price
$615,000
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11229 was $615,000 in April 2024, down 8.6% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $235.5K | $220K | -6.6% |
2 Bedrooms | $385K | $375K | -2.6% |
3 Bedrooms | $799K | $758K | -5.1% |
4 Bedrooms | $917.5K | $910K | -0.8% |
5+ Bedrooms | $1.1M | $1.1M | -1.5% |
Summary: 11229 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 1.5%.
Housing Supply in 11229, NY
How many homes are available in 11229, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
193 | 191 | -1.0% |
Summary: The 11229 real estate market had 191 homes for sale in April 2024, a 1.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 46 | 48 | +4.3% |
2 Bedrooms | 54 | 47 | -13.0% |
3 Bedrooms | 63 | 65 | +3.2% |
4 Bedrooms | 13 | 13 | 0.0% |
5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The 11229 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 3.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 10 | -41.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in 11229 in April 2024, down by 41.2% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for 11229, NY
How long does it take to sell a home in 11229, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
92 Days | 132 Days | +43.6% |
Summary: Homes in 11229 had an average of 132 days on market in Apr 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in 11229; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.