Is 11385, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 11385 has remained a Buyer's Market.
Key Takeaway
11385 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11385, NY
How much do homes in 11385, NY cost?
Median Sold Price
$900,000
$533/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 11385 has remained the same since last year.
Summary: The median home sold price in 11385 was $900,000 in April 2024, down 0.5% from last year, and the median price per square foot was $533.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $579.5K | $441.2K | -23.9% |
| 2 Bedrooms | $629K | $670K | +6.5% |
| 3 Bedrooms | $777.3K | $800K | +2.9% |
| 4 Bedrooms | $900K | $900K | 0.0% |
| 5+ Bedrooms | $1.1M | $1.1M | 0.0% |
Summary: 11385 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 11385, NY
How many homes are available in 11385, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 192 | 222 | +15.6% |
Summary: The 11385 real estate market had 222 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 109 | 129 | +18.3% |
Summary: The 11385 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11385, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in 11385 in April 2024, up by 66.7% month-over-month. Of the 25 sold homes, 72% were sold under asking, 20% were sold at asking, and 8% were sold over asking.
Days on Market for 11385, NY
How long does it take to sell a home in 11385, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 76 Days | -19.6% |
Summary: Homes in 11385 had an average of 76 days on market in Apr 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11385 has remained consistent over time.
Summary: During April 2024, 25 homes were sold in 11385; 12% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 20% 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.