Is 11520, 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, 11520 was a Seller's Market.
Key Takeaway
11520 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 11520, NY
How much do homes in 11520, NY cost?
Median Sold Price
$527,500
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11520 have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in 11520 was $527,500 in March 2024, down 0.5% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $204K | +7.4% |
| 2 Bedrooms | $385K | $417.5K | +8.4% |
| 3 Bedrooms | $550K | $550K | 0.0% |
| 4 Bedrooms | $590K | $590K | 0.0% |
| 5+ Bedrooms | $652.5K | $610K | -6.5% |
Summary: 11520 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 8.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 6.5%.
Housing Supply in 11520, NY
How many homes are available in 11520, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 175 | 178 | +1.7% |
Summary: The 11520 real estate market had 178 homes for sale in March 2024, a 1.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 26 | +4.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 58 | 56 | -3.4% |
| 4 Bedrooms | 42 | 43 | +2.4% |
| 5+ Bedrooms | 23 | 27 | +17.4% |
Summary: The 11520 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 17.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11520, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 11520 in March 2024, up by 17.4% month-over-month. Of the 27 sold homes, 26% were sold under asking, 30% were sold at asking, and 44% were sold over asking.
Days on Market for 11520, NY
How long does it take to sell a home in 11520, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 50 Days | -55.4% |
Summary: Homes in 11520 had an average of 50 days on market in Mar 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11520 has remained consistent over time.
Summary: During March 2024, 27 homes were sold in 11520; 33% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 15% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.