Is 11377, 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, 11377 has remained a Buyer's Market.
Key Takeaway
11377 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11377, NY
How much do homes in 11377, NY cost?
Median Sold Price
$526,125
$572/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11377 have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in 11377 was $526,125 in March 2024, down 2.1% from last year, and the median price per square foot was $572.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $350K | +4.5% |
| 2 Bedrooms | $542.5K | $552K | +1.8% |
| 3 Bedrooms | $900K | $885K | -1.7% |
| 4 Bedrooms | $999K | $990K | -0.9% |
| 5+ Bedrooms | $1.4M | $1.3M | -7.5% |
Summary: 11377 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 7.5%.
Housing Supply in 11377, NY
How many homes are available in 11377, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 227 | 250 | +10.1% |
Summary: The 11377 real estate market had 250 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 101 | 107 | +5.9% |
| 2 Bedrooms | 33 | 43 | +30.3% |
| 3 Bedrooms | 29 | 32 | +10.3% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 48 | 53 | +10.4% |
Summary: The 11377 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 10.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11377, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 11377 in March 2024, up by 11.8% month-over-month. Of the 19 sold homes, 74% were sold under asking, 5% were sold at asking, and 21% were sold over asking.
Days on Market for 11377, NY
How long does it take to sell a home in 11377, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 102 Days | +34.8% |
Summary: Homes in 11377 had an average of 102 days on market in Mar 2024, up by 34.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11377 has remained consistent over time.
Summary: During March 2024, 19 homes were sold in 11377; 16% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.