Is 11421, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 11421 was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $178.5K | $185K | +3.6% |
2 Bedrooms | $285K | $255K | -10.5% |
3 Bedrooms | $664.5K | $597.5K | -10.1% |
4 Bedrooms | $748K | $709K | -5.2% |
5+ Bedrooms | $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 | $440K | $437.7K | -0.5% |
11421 | $734K | $695K | -5.3% |
Housing Supply in 11421, NY
How many homes are available in 11421, NY?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
105 | 118 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 7 | +75.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 50 | 54 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 11 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
89 Days | 83 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
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.