Is 11357, 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, 11357 was a Neutral Market.
Key Takeaway
11357 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11357, NY
How much do homes in 11357, NY cost?
Median Sold Price
$837,500
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11357 have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in 11357 was $837,500 in March 2024, down 10.3% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $272.5K | +2.8% |
| 2 Bedrooms | $380K | $375K | -1.3% |
| 3 Bedrooms | $957.5K | $936.5K | -2.2% |
| 4 Bedrooms | $1.0M | $1.0M | -0.2% |
| 5+ Bedrooms | $1.4M | $1.5M | +5.3% |
Summary: 11357 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in 11357, NY
How many homes are available in 11357, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 245 | 263 | +7.3% |
Summary: The 11357 real estate market had 263 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 45 | +4.7% |
| 2 Bedrooms | 58 | 55 | -5.2% |
| 3 Bedrooms | 52 | 61 | +17.3% |
| 4 Bedrooms | 50 | 51 | +2.0% |
| 5+ Bedrooms | 42 | 51 | +21.4% |
Summary: The 11357 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11357, you may be able to get a good deal. 80.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 11357 in March 2024, up by 30.0% month-over-month. Of the 26 sold homes, 81% were sold under asking, 15% were sold at asking, and 4% were sold over asking.
Days on Market for 11357, NY
How long does it take to sell a home in 11357, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 138 Days | 68 Days | -50.6% |
Summary: Homes in 11357 had an average of 68 days on market in Mar 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11357 has remained consistent over time.
Summary: During March 2024, 26 homes were sold in 11357; 27% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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