Is 11420, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 11420 was a Neutral Market.
Housing Prices in 11420, NY
How much do homes in 11420, NY cost?
Median Sold Price
$700,000
$507/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11420 was $700,000 in March 2024, up 0.4% from last year, and the median price per square foot was $507.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | - | N/A |
2 Bedrooms | $571K | $535K | -6.3% |
3 Bedrooms | $660K | $685K | +3.8% |
4 Bedrooms | $803.5K | $830K | +3.3% |
5+ Bedrooms | $989.5K | $977.5K | -1.2% |
Summary: 11420 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 1.2%.
Housing Supply in 11420, NY
How many homes are available in 11420, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 105 | +16.7% |
Summary: The 11420 real estate market had 105 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 50 | 56 | +12.0% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The 11420 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 11420 in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 11420, NY
How long does it take to sell a home in 11420, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 220 Days | +238.2% |
Summary: Homes in 11420 had an average of 220 days on market in Mar 2024, up by 238.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 11420; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.