Is 11577, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 11577 was a Seller's Market.
Housing Prices in 11577, NY
How much do homes in 11577, NY cost?
Median Sold Price
$1,200,000
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11577 was $1,200,000 in April 2024, up 29.7% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.4K | $262K | +10.4% |
2 Bedrooms | $318.5K | $353K | +10.8% |
3 Bedrooms | $900K | $960K | +6.7% |
4 Bedrooms | $1.0M | $1.3M | +28.6% |
5+ Bedrooms | $1.9M | $1.8M | -6.3% |
Summary: 11577 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in 11577, NY
How many homes are available in 11577, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 59 | +11.3% |
Summary: The 11577 real estate market had 59 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The 11577 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 11577 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 11577, NY
How long does it take to sell a home in 11577, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 65 Days | +47.4% |
Summary: Homes in 11577 had an average of 65 days on market in Apr 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 11577; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.