Is 11590, 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, 11590 was a Seller's Market.
Housing Prices in 11590, NY
How much do homes in 11590, NY cost?
Median Sold Price
$695,000
$421/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11590 was $695,000 in March 2024, up 6.9% from last year, and the median price per square foot was $421.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $395K | $372.5K | -5.7% |
2 Bedrooms | $680K | $739K | +8.7% |
3 Bedrooms | $630K | $732.2K | +16.2% |
4 Bedrooms | $645K | $680K | +5.4% |
5+ Bedrooms | $690K | $700K | +1.4% |
Summary: 11590 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 11590, NY
How many homes are available in 11590, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
126 | 133 | +5.6% |
Summary: The 11590 real estate market had 133 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 25 | 24 | -4.0% |
3 Bedrooms | 32 | 32 | 0.0% |
4 Bedrooms | 38 | 40 | +5.3% |
5+ Bedrooms | 27 | 35 | +29.6% |
Summary: The 11590 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 29.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 11590 in March 2024, up by 5.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.
Days on Market for 11590, NY
How long does it take to sell a home in 11590, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 37 Days | -46.4% |
Summary: Homes in 11590 had an average of 37 days on market in Mar 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in 11590; 53% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.