Is 11418, 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, 11418 has remained a Buyer's Market.
Key Takeaway
11418 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11418, NY
How much do homes in 11418, NY cost?
Median Sold Price
$665,000
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11418 have sold for 14.7% less than they did a year ago.
Summary: The median home sold price in 11418 was $665,000 in April 2024, down 14.7% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $245.5K | +6.7% |
| 2 Bedrooms | $367.5K | $420K | +14.3% |
| 3 Bedrooms | $663K | $650K | -2.0% |
| 4 Bedrooms | $775K | $740K | -4.5% |
| 5+ Bedrooms | $950K | $905K | -4.7% |
Summary: 11418 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 4.7%.
Housing Supply in 11418, NY
How many homes are available in 11418, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 135 | +20.5% |
Summary: The 11418 real estate market had 135 homes for sale in April 2024, a 20.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 18 | +5.9% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 25 | 33 | +32.0% |
| 4 Bedrooms | 24 | 26 | +8.3% |
| 5+ Bedrooms | 29 | 39 | +34.5% |
Summary: The 11418 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 34.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 13 | +160.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11418, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 11418 in April 2024, up by 160.0% month-over-month. Of the 13 sold homes, 69% were sold under asking, 0% were sold at asking, and 31% were sold over asking.
Days on Market for 11418, NY
How long does it take to sell a home in 11418, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 88 Days | +11.6% |
Summary: Homes in 11418 had an average of 88 days on market in Apr 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11418 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 13 homes were sold in 11418; 31% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
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