Is 11575, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11575 is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, 11575 was a Neutral Market.

Key Takeaway

11575 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 11575, NY cost?

Median Sold Price

$550,000

$359/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$60,500(+12.4%)

Key Takeaway

Homes in 11575 have sold for 12.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $355K-
N/A
2 $351.2K$384.5K
+9.5%
3 $477K$545K
+14.3%
4 $505K$580K
+14.9%
5+ $530K$610K
+15.1%

Median Sold Price Compared To Nearby Zip Codes

11575
+12.4%
11510
+8.5%
11520
+8.1%
11553
+6.7%
11566
+5.4%

How many homes are available in 11575, NY?

Number of Homes For Sale

Dec 2022Jan 2023%
5956-5.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 11
0.0%
2 75
-28.6%
3 2627
+3.8%
4 1715
-11.8%
5+ 88
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
115-54.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11575, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
64 Days40 Days-37.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11575 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 11575, NY

11575, NY has 56 homes on the market. In January 2023 in 11575, NY there were 5.1% less homes for sale than in December 2022. The median list price of listings available in January 2023 was $550,000, while the average time on the real estate market was 40 days. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties increased by 9.5%, 3 bedrooms properties prices increased by 14.3%, 4 bedrooms properties became 14.9% more expensive, prices of 5 bedrooms properties increased by 15.1%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 28.6%, 3 bedrooms homes became 3.8% more available, 4 bedrooms homes became 11.8% less available, 5 bedrooms homes did not move. While more than 2 listings in 11575, NY in January 2023 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.