Is 11557, 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, 11557 has remained a Buyer's Market.
Housing Prices in 11557, NY
How much do homes in 11557, NY cost?
Median Sold Price
$749,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11557 was $749,000 in March 2024, down 3% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $149K | -11.0% |
2 Bedrooms | $265K | $346.6K | +30.8% |
3 Bedrooms | $638K | $624.7K | -2.1% |
4 Bedrooms | $800K | $865K | +8.1% |
5+ Bedrooms | $1.3M | $1.0M | -20.3% |
Summary: 11557 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 20.3%.
Housing Supply in 11557, NY
How many homes are available in 11557, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 58 | -1.7% |
Summary: The 11557 real estate market had 58 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 11557 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 11557 in March 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for 11557, NY
How long does it take to sell a home in 11557, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 77 Days | +36.7% |
Summary: Homes in 11557 had an average of 77 days on market in Mar 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in 11557; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.