Is 11429, 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, 11429 was a Neutral Market.
Key Takeaway
11429 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11429, NY
How much do homes in 11429, NY cost?
Median Sold Price
$675,000
$488/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11429 have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in 11429 was $675,000 in March 2024, down 2.9% from last year, and the median price per square foot was $488.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $169K | +2.4% |
| 2 Bedrooms | $580.5K | $565K | -2.7% |
| 3 Bedrooms | $685K | $645K | -5.8% |
| 4 Bedrooms | $717K | $732.5K | +2.2% |
| 5+ Bedrooms | $737.5K | $888K | +20.4% |
Summary: 11429 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in 11429, NY
How many homes are available in 11429, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 112 | 117 | +4.5% |
Summary: The 11429 real estate market had 117 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 38 | 42 | +10.5% |
| 4 Bedrooms | 39 | 39 | 0.0% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The 11429 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 11.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11429, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 11429 in March 2024, the same as the previous month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 11429, NY
How long does it take to sell a home in 11429, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 121 Days | +78.0% |
Summary: Homes in 11429 had an average of 121 days on market in Mar 2024, up by 78% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11429 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 12 homes were sold in 11429; 8% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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