Is 11375, 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, 11375 has remained a Buyer's Market.
Housing Prices in 11375, NY
How much do homes in 11375, NY cost?
Median Sold Price
$439,866
$458/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11375 was $439,866 in March 2024, down 1% from last year, and the median price per square foot was $458.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $321K | $322K | 0.3% |
2 Bedrooms | $475K | $481.2K | +1.3% |
3 Bedrooms | $970K | $970K | 0.0% |
4 Bedrooms | $1.6M | $1.4M | -9.7% |
5+ Bedrooms | $2.0M | $2.0M | +0.6% |
Summary: 11375 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes did not change, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 0.6%.
Housing Supply in 11375, NY
How many homes are available in 11375, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
408 | 444 | +8.8% |
Summary: The 11375 real estate market had 444 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 184 | 195 | +6.0% |
2 Bedrooms | 159 | 169 | +6.3% |
3 Bedrooms | 29 | 40 | +37.9% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 11375 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in 11375 in March 2024, the same as the previous month. Of the 27 sold homes, 74% were sold under asking, 19% were sold at asking, and 7% were sold over asking.
Days on Market for 11375, NY
How long does it take to sell a home in 11375, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
159 Days | 147 Days | -7.8% |
Summary: Homes in 11375 had an average of 147 days on market in Mar 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in 11375; 7% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.