Is 11516, 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, 11516 has remained a Buyer's Market.
Key Takeaway
11516 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11516, NY
How much do homes in 11516, NY cost?
Median Sold Price
$969,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11516 have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in 11516 was $969,000 in April 2024, up 10.7% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $300K | +46.3% |
| 2 Bedrooms | $365K | $350K | -4.1% |
| 3 Bedrooms | $796K | $905K | +13.7% |
| 4 Bedrooms | $1.0M | $979.5K | -2.1% |
| 5+ Bedrooms | $1.2M | $1.2M | 0.1% |
Summary: 11516 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in 11516, NY
How many homes are available in 11516, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 35 | -5.4% |
Summary: The 11516 real estate market had 35 homes for sale in April 2024, a 5.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 11516 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 decreased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11516, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in 11516 in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 11516, NY
How long does it take to sell a home in 11516, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 14 Days | +27.3% |
Summary: Homes in 11516 had an average of 14 days on market in Apr 2024, up by 27.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11516 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in 11516; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.