Is 11575, 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, 11575 has remained a Seller's Market.
Housing Prices in 11575, NY
How much do homes in 11575, NY cost?
Median Sold Price
$535,000
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11575 was $535,000 in March 2024, down 2.7% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $387K | N/A |
2 Bedrooms | $370K | $375K | +1.4% |
3 Bedrooms | $550K | $525K | -4.5% |
4 Bedrooms | $575K | $570K | -0.9% |
5+ Bedrooms | $622K | $520K | -16.4% |
Summary: 11575 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 1.4%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 16.4%.
Housing Supply in 11575, NY
How many homes are available in 11575, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 47 | +17.5% |
Summary: The 11575 real estate market had 47 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The 11575 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 11575 in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for 11575, NY
How long does it take to sell a home in 11575, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 70 Days | +45.4% |
Summary: Homes in 11575 had an average of 70 days on market in Mar 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 11575; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.