Is 11234, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 11234 has remained a Buyer's Market.
Housing Prices in 11234, NY
How much do homes in 11234, NY cost?
Median Sold Price
$727,500
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11234 was $727,500 in March 2024, down 3.6% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $184.5K | -18.0% |
2 Bedrooms | $529K | $569K | +7.6% |
3 Bedrooms | $748K | $712.5K | -4.7% |
4 Bedrooms | $850K | $875K | +2.9% |
5+ Bedrooms | $1.1M | $1.1M | +3.1% |
Summary: 11234 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in 11234, NY
How many homes are available in 11234, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
231 | 245 | +6.1% |
Summary: The 11234 real estate market had 245 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 12 | 0.0% |
2 Bedrooms | 31 | 34 | +9.7% |
3 Bedrooms | 99 | 104 | +5.1% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 59 | 61 | +3.4% |
Summary: The 11234 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in 11234 in March 2024, up by 57.1% month-over-month. Of the 22 sold homes, 77% were sold under asking, 14% were sold at asking, and 9% were sold over asking.
Days on Market for 11234, NY
How long does it take to sell a home in 11234, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
99 Days | 106 Days | +6.7% |
Summary: Homes in 11234 had an average of 106 days on market in Mar 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in 11234; 18% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.