Is 11566, 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, 11566 was a Neutral Market.
Key Takeaway
11566 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 11566, NY
How much do homes in 11566, NY cost?
Median Sold Price
$753,333
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11566 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 11566 was $753,333 in March 2024, up 3.3% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $194.5K | N/A |
| 2 Bedrooms | $525K | $560K | +6.7% |
| 3 Bedrooms | $634K | $650K | +2.5% |
| 4 Bedrooms | $789K | $810.1K | +2.7% |
| 5+ Bedrooms | $844.5K | $895K | +6.0% |
Summary: 11566 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 6%.
Housing Supply in 11566, NY
How many homes are available in 11566, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 106 | +10.4% |
Summary: The 11566 real estate market had 106 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 24 | 29 | +20.8% |
| 4 Bedrooms | 44 | 50 | +13.6% |
| 5+ Bedrooms | 21 | 19 | -9.5% |
Summary: The 11566 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 9.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 21 | +40.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11566, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in 11566 in March 2024, up by 40.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 5% were sold at asking, and 57% were sold over asking.
Days on Market for 11566, NY
How long does it take to sell a home in 11566, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 42 Days | -29.9% |
Summary: Homes in 11566 had an average of 42 days on market in Mar 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11566 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in 11566; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally