Is 11420, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11420 is a buyer's market

Buyer's
Market

Difference Since December 2021

Since last year, 11420 has remained a Buyer's Market.

Key Takeaway

11420 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 11420, NY cost?

Median Sold Price

$693,500

$501/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$8,500(+1.2%)

Key Takeaway

Homes in 11420 have sold for 1.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$325K
N/A
2 $460K$553K
+20.2%
3 $652.5K$670K
+2.7%
4 $750K$805K
+7.3%
5+ $900K$994K
+10.4%

Median Sold Price Compared To Nearby Zip Codes

11417
+10.1%
11436
+9.5%
11420
+1.2%
11435
-35.5%

How many homes are available in 11420, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
129134+3.9%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 11
0.0%
2 1515
0.0%
3 5151
0.0%
4 3234
+6.3%
5+ 3033
+10.0%

Number of Homes Sold

Nov 2022Dec 2022%
810+25.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11420, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
93 Days73 Days-21.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11420 are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About 11420, NY

Homes for sale in 11420, NY have reached 134. The inventory of homes for sale in 11420, NY between November 2022 and December 2022 increased by 3.9%. The median list price of listings available in December 2022 was $693,500, while the average time on the real estate market was 73 days. Real estate listing prices changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties went up by 20.2%, prices of 3 bedrooms properties increased by 2.7%, the cost of 4 bedrooms properties went up by 7.3%, the cost of 5 bedrooms properties went up by 10.4%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes inventory increased by 6.3%, the quantity of 5 bedrooms homes went up by 10%. In December 2022, from all listings sold in 11420, NY there were more than 1 sold above asking price, over 9 sold below and more than 0 were sold right at the asked price.