Is 11231, 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, 11231 has remained a Buyer's Market.
Key Takeaway
11231 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11231, NY
How much do homes in 11231, NY cost?
Median Sold Price
$2,150,000
$1,239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11231 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 11231 was $2,150,000 in April 2024, up 4.9% from last year, and the median price per square foot was $1,239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $820K | $760K | -7.3% |
| 2 Bedrooms | $1.4M | $1.5M | +6.3% |
| 3 Bedrooms | $2.3M | $2.3M | -0.4% |
| 4 Bedrooms | $3.2M | $3.1M | -4.6% |
| 5+ Bedrooms | $3.1M | $4.9M | +56.8% |
Summary: 11231 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 56.8%.
Housing Supply in 11231, NY
How many homes are available in 11231, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 98 | +5.4% |
Summary: The 11231 real estate market had 98 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 28 | 31 | +10.7% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 11231 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 increased by 10.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11231, expect to pay close to the asking price. 87.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 11231 in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 13% were sold under asking, 88% were sold at asking, and 0% were sold over asking.
Days on Market for 11231, NY
We’re sorry, we don't have information for this market at the moment
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.