Is 11372, 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, 11372 has remained a Buyer's Market.
Key Takeaway
11372 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11372, NY
How much do homes in 11372, NY cost?
Median Sold Price
$410,000
$455/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11372 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 11372 was $410,000 in March 2024, down 3% from last year, and the median price per square foot was $455.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347K | $317K | -8.6% |
| 2 Bedrooms | $450K | $460K | +2.2% |
| 3 Bedrooms | $899.5K | $810K | -9.9% |
| 4 Bedrooms | $1.2M | $1.2M | +0.8% |
| 5+ Bedrooms | $1.3M | $1.3M | -4.9% |
Summary: 11372 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in 11372, NY
How many homes are available in 11372, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 240 | 258 | +7.5% |
Summary: The 11372 real estate market had 258 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 123 | 129 | +4.9% |
| 2 Bedrooms | 73 | 84 | +15.1% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The 11372 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 15.1%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11372, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 11372 in March 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for 11372, NY
How long does it take to sell a home in 11372, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 127 Days | 59 Days | -53.8% |
Summary: Homes in 11372 had an average of 59 days on market in Mar 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11372 has remained consistent over time.
Summary: During March 2024, 12 homes were sold in 11372; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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