Is 11421, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11421 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 11421 was a Neutral Market.

Key Takeaway

11421 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11421, NY

How much do homes in 11421, NY cost?

Median Sold Price

$695,000

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$39,000(-5.3%)

Key Takeaway

Homes in 11421 have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in 11421 was $695,000 in February 2024, down 5.3% from last year, and the median price per square foot was $415.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $178.5K$185K
+3.6%
2 $285K$255K
-10.5%
3 $664.5K$597.5K
-10.1%
4 $748K$709K
-5.2%
5+ $936.2K$900K
-3.9%

Summary: 11421 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Zip Codes

11375
-0.5%
11421
-5.3%

Housing Supply in 11421, NY

How many homes are available in 11421, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
105118+12.4%

Summary: The 11421 real estate market had 118 homes for sale in February 2024, a 12.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 47
+75.0%
2 1110
-9.1%
3 2327
+17.4%
4 1720
+17.6%
5+ 5054
+8.0%

Summary: The 11421 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11421, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 11421 in February 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.

Days on Market for 11421, NY

How long does it take to sell a home in 11421, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
89 Days83 Days-7.6%

Summary: Homes in 11421 had an average of 83 days on market in Feb 2024, down by 7.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11421 has remained consistent over time.

Summary: During February 2024, 11 homes were sold in 11421; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.

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

Report Updated 29 Days Ago

Newest Listings in 11421, NY

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