Is 11354, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 11354 has remained a Buyer's Market.
Key Takeaway
11354 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11354, NY
How much do homes in 11354, NY cost?
Median Sold Price
$502,000
$616/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 11354 have sold for 39.7% less than they did a month ago.
Summary: The median home sold price in 11354 was $502,000 in March 2024, down 39.7% from last month, and the median price per square foot was $616.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $348K | +8.8% |
| 2 Bedrooms | $670K | $502K | -25.1% |
| 3 Bedrooms | $929K | $866.5K | -6.7% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: 11354 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes decreased by 25.1%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 11354, NY
How many homes are available in 11354, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 193 | 219 | +13.5% |
Summary: The 11354 real estate market had 219 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 57 | 62 | +8.8% |
| 2 Bedrooms | 78 | 95 | +21.8% |
| 3 Bedrooms | 30 | 34 | +13.3% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 11354 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 18 | +80.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11354, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in 11354 in March 2024, up by 80.0% month-over-month. Of the 18 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for 11354, NY
How long does it take to sell a home in 11354, NY?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 113 Days | +44.1% |
Summary: Homes in 11354 had an average of 113 days on market in Mar 2024, up by 44.1% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11354 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 18 homes were sold in 11354; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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