Is 11385, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11385 is a buyer's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in 11385, NY cost?

Median Sold Price

$920,000

$481/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$43,750(+5.0%)

Key Takeaway

Homes in 11385 have sold for 5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $395K$432.5K
+9.5%
2 $619.5K$624K
+0.7%
3 $744.5K$780K
+4.8%
4 $875K$950K
+8.6%
5+ $990K$1.0M
+6.1%

Median Sold Price Compared To Nearby Zip Codes

11378
+13.9%
11421
+10.6%
11379
+10.3%
11385
+5.0%

How many homes are available in 11385, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
2482490.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 810
+25.0%
2 2120
-4.8%
3 5959
0.0%
4 3633
-8.3%
5+ 124127
+2.4%

Number of Homes Sold

Oct 2022Nov 2022%
2013-35.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11385, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
83 Days78 Days-5.6%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11385 has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 11385, NY

11385, NY has 249 homes on the market. The inventory of homes for sale in 11385, NY between October 2022 and November 2022 increased by 0.4%. In November 2022, listings were on the market for 78 days. During the same period, the median list price in this real estate market was $920,000. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 9.5%, 2 bedrooms properties became 0.7% more expensive, prices of 3 bedrooms properties went up by 4.8%, 4 bedrooms properties became 8.6% more expensive, the cost of 5 bedrooms properties went up by 6.1%. Volume of homes for sale changed: number of 1 bedroom homes increased by 25%, 2 bedrooms homes became 4.8% less available, 3 bedrooms homes inventory did not change, 4 bedrooms homes inventory decreased by 8.3%, 5 bedrooms homes inventory increased by 2.4%. 11385, NY housing market in November 2022 saw over 3 listings sold above listed price, more than 3 sold at listed price and over 7 sold below.