Is 11550, 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, 11550 was a Seller's Market.
Key Takeaway
11550 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 11550, NY
How much do homes in 11550, NY cost?
Median Sold Price
$550,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11550 have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in 11550 was $550,000 in March 2024, up 4.8% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.5K | $199K | +3.4% |
| 2 Bedrooms | $350K | $400K | +14.3% |
| 3 Bedrooms | $501K | $549K | +9.6% |
| 4 Bedrooms | $529K | $573.5K | +8.4% |
| 5+ Bedrooms | $585K | $603.5K | +3.2% |
Summary: 11550 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in 11550, NY
How many homes are available in 11550, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 151 | +13.5% |
Summary: The 11550 real estate market had 151 homes for sale in March 2024, a 13.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 44 | 51 | +15.9% |
| 4 Bedrooms | 49 | 55 | +12.2% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The 11550 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 23 | +130.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11550, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 11550 in March 2024, up by 130.0% month-over-month. Of the 23 sold homes, 43% were sold under asking, 13% were sold at asking, and 43% were sold over asking.
Days on Market for 11550, NY
How long does it take to sell a home in 11550, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 94 Days | 63 Days | -32.7% |
Summary: Homes in 11550 had an average of 63 days on market in Mar 2024, down by 32.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11550 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in 11550; 52% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 22% 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.