Is 11435, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 11435 has remained a Buyer's Market.
Key Takeaway
11435 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11435, NY
How much do homes in 11435, NY cost?
Median Sold Price
$560,000
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11435 have sold for 57.7% more than they did a year ago.
Summary: The median home sold price in 11435 was $560,000 in March 2024, up 57.7% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $215K | -2.3% |
| 2 Bedrooms | $284.5K | $302K | +6.2% |
| 3 Bedrooms | $639K | $670K | +4.9% |
| 4 Bedrooms | $875K | $815K | -6.9% |
| 5+ Bedrooms | $1.0M | $995K | -6.1% |
Summary: 11435 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 6.1%.
Housing Supply in 11435, NY
How many homes are available in 11435, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 164 | 170 | +3.7% |
Summary: The 11435 real estate market had 170 homes for sale in March 2024, a 3.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 43 | 37 | -14.0% |
| 2 Bedrooms | 38 | 40 | +5.3% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 18 | 21 | +16.7% |
| 5+ Bedrooms | 43 | 48 | +11.6% |
Summary: The 11435 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
7 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 11435, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 11435 in March 2024, down by 33.3% month-over-month. Of the 10 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for 11435, NY
How long does it take to sell a home in 11435, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 119 Days | +13.6% |
Summary: Homes in 11435 had an average of 119 days on market in Mar 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11435 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in 11435; 10% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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