Is 11378, 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, 11378 has remained a Buyer's Market.
Housing Prices in 11378, NY
How much do homes in 11378, NY cost?
Median Sold Price
$868,000
$508/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11378 was $868,000 in March 2024, down 3.6% from last year, and the median price per square foot was $508.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | $328K | +12.1% |
2 Bedrooms | $720K | $650K | -9.7% |
3 Bedrooms | $855K | $850K | -0.6% |
4 Bedrooms | $965K | $915K | -5.2% |
5+ Bedrooms | $1.0M | $1.1M | +12.6% |
Summary: 11378 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 12.6%.
Housing Supply in 11378, NY
How many homes are available in 11378, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 89 | +18.7% |
Summary: The 11378 real estate market had 89 homes for sale in March 2024, a 18.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The 11378 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 11378 in March 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 11378, NY
How long does it take to sell a home in 11378, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 24 Days | -58.0% |
Summary: Homes in 11378 had an average of 24 days on market in Mar 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 11378; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.