Is 11238, 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, 11238 was a Seller's Market.
Key Takeaway
11238 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11238, NY
How much do homes in 11238, NY cost?
Median Sold Price
$1,350,000
$1,215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11238 have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in 11238 was $1,350,000 in March 2024, up 3.9% from last year, and the median price per square foot was $1,215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $767.5K | $802.5K | +4.6% |
| 2 Bedrooms | $1.2M | $1.2M | -2.4% |
| 3 Bedrooms | $1.7M | $2.0M | +14.8% |
| 4 Bedrooms | $3.2M | $2.9M | -6.3% |
| 5+ Bedrooms | $3.2M | $2.9M | -8.3% |
Summary: 11238 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 8.3%.
Housing Supply in 11238, NY
How many homes are available in 11238, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 138 | 129 | -6.5% |
Summary: The 11238 real estate market had 129 homes for sale in March 2024, a 6.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 35 | -7.9% |
| 2 Bedrooms | 49 | 38 | -22.4% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 19 | 23 | +21.1% |
Summary: The 11238 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 22.4%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11238, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 11238 in March 2024, down by 14.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 83% were sold at asking, and 8% were sold over asking.
Days on Market for 11238, NY
We’re sorry, we don't have information for this market at the moment
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