Is 11510, 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, 11510 was a Neutral Market.
Housing Prices in 11510, NY
How much do homes in 11510, NY cost?
Median Sold Price
$602,000
$364/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Summary: The median home sold price in 11510 was $602,000 in March 2024, the same as last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $306K | $240K | -21.6% |
2 Bedrooms | $465K | $480K | +3.2% |
3 Bedrooms | $585K | $585K | 0.0% |
4 Bedrooms | $630K | $630K | 0.0% |
5+ Bedrooms | $677.5K | $680K | 0.4% |
Summary: 11510 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.4%.
Housing Supply in 11510, NY
How many homes are available in 11510, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 136 | +18.3% |
Summary: The 11510 real estate market had 136 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 39 | 49 | +25.6% |
4 Bedrooms | 48 | 49 | +2.1% |
5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The 11510 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 50%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 11510 in March 2024, up by 26.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 11% were sold at asking, and 37% were sold over asking.
Days on Market for 11510, NY
How long does it take to sell a home in 11510, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 52 Days | +3.2% |
Summary: Homes in 11510 had an average of 52 days on market in Mar 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 11510; 37% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.