Is 11507, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 11507 has remained a Seller's Market.
Housing Prices in 11507, NY
How much do homes in 11507, NY cost?
Median Sold Price
$950,000
$468/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11507 was $950,000 in April 2024, up 11.4% from last year, and the median price per square foot was $468.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $331.5K | $402.5K | +21.4% |
2 Bedrooms | $602.5K | $563K | -6.6% |
3 Bedrooms | $880K | $767K | -12.8% |
4 Bedrooms | $750K | $950K | +26.7% |
5+ Bedrooms | $999.9K | $1.2M | +28.5% |
Summary: 11507 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 28.5%.
Housing Supply in 11507, NY
How many homes are available in 11507, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Summary: The 11507 real estate market had 23 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 11507 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 11507 in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 11507, NY
How long does it take to sell a home in 11507, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 75 Days | +55.0% |
Summary: Homes in 11507 had an average of 75 days on market in Apr 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 11507; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.