Is 11561, 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, 11561 has remained a Buyer's Market.
Key Takeaway
11561 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11561, NY
How much do homes in 11561, NY cost?
Median Sold Price
$702,166
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in 11561 has remained the same since last year.
Summary: The median home sold price in 11561 was $702,166 in April 2024, down 0.3% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $396.5K | $415K | +4.7% |
| 2 Bedrooms | $635K | $600K | -5.5% |
| 3 Bedrooms | $727K | $775.2K | +6.6% |
| 4 Bedrooms | $887K | $955K | +7.7% |
| 5+ Bedrooms | $975K | $1.1M | +12.8% |
Summary: 11561 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Zip Codes
| 11558 | $619K | $649K | +4.8% |
| 11561 | $704K | $702.1K | -0.3% |
Housing Supply in 11561, NY
How many homes are available in 11561, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 231 | 258 | +11.7% |
Summary: The 11561 real estate market had 258 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 51 | +8.5% |
| 2 Bedrooms | 49 | 51 | +4.1% |
| 3 Bedrooms | 53 | 59 | +11.3% |
| 4 Bedrooms | 36 | 46 | +27.8% |
| 5+ Bedrooms | 46 | 51 | +10.9% |
Summary: The 11561 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11561, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 11561 in April 2024, down by 11.5% month-over-month. Of the 23 sold homes, 74% were sold under asking, 4% were sold at asking, and 22% were sold over asking.
Days on Market for 11561, NY
How long does it take to sell a home in 11561, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 73 Days | 83 Days | +13.6% |
Summary: Homes in 11561 had an average of 83 days on market in Apr 2024, up by 13.6% 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 11561 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in 11561; 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. 
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.