Is 11580, 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, 11580 has remained a Buyer's Market.
Housing Prices in 11580, NY
How much do homes in 11580, NY cost?
Median Sold Price
$650,000
$439/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11580 was $650,000 in March 2024, up 3.8% from last year, and the median price per square foot was $439.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $321.5K | +41.3% |
2 Bedrooms | $446.5K | $520K | +16.5% |
3 Bedrooms | $627.5K | $639K | +1.8% |
4 Bedrooms | $630K | $658.5K | +4.5% |
5+ Bedrooms | $750K | $718K | -4.3% |
Summary: 11580 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.3%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 4.3%.
Housing Supply in 11580, NY
How many homes are available in 11580, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 125 | +4.2% |
Summary: The 11580 real estate market had 125 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 52 | 54 | +3.8% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The 11580 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 11580 in March 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for 11580, NY
How long does it take to sell a home in 11580, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 80 Days | +21.6% |
Summary: Homes in 11580 had an average of 80 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in 11580; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.