Is 11542, 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, 11542 has remained a Neutral Market.
Housing Prices in 11542, NY
How much do homes in 11542, NY cost?
Median Sold Price
$652,500
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11542 was $652,500 in March 2024, up 3.4% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $283K | +4.8% |
2 Bedrooms | $520K | $414K | -20.4% |
3 Bedrooms | $641.5K | $655K | +2.1% |
4 Bedrooms | $710K | $750K | +5.6% |
5+ Bedrooms | $862.5K | $850K | -1.4% |
Summary: 11542 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in 11542, NY
How many homes are available in 11542, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
84 | 104 | +23.8% |
Summary: The 11542 real estate market had 104 homes for sale in March 2024, a 23.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 17 | 22 | +29.4% |
4 Bedrooms | 26 | 33 | +26.9% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The 11542 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 15 | +87.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in 11542 in March 2024, up by 87.5% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% were sold over asking.
Days on Market for 11542, NY
How long does it take to sell a home in 11542, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
81 Days | 89 Days | +10.0% |
Summary: Homes in 11542 had an average of 89 days on market in Mar 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in 11542; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.