Is 11694, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11694 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 11694 has remained a Buyer's Market.

Key Takeaway

11694 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11694, NY

How much do homes in 11694, NY cost?

Median Sold Price

$720,000

$500/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$75,000(-9.4%)

Key Takeaway

Homes in 11694 have sold for 9.4% less than they did a year ago.

Summary: The median home sold price in 11694 was $720,000 in February 2024, down 9.4% from last year, and the median price per square foot was $500.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $275K$299K
+8.7%
2 $610K$544K
-10.8%
3 $800K$800K
0.0%
4 $998K$849K
-14.9%
5+ $999K$1.1M
+12.6%

Summary: 11694 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 12.6%.

Housing Supply in 11694, NY

How many homes are available in 11694, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
9197+6.6%

Summary: The 11694 real estate market had 97 homes for sale in February 2024, a 6.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1315
+15.4%
2 1819
+5.6%
3 2728
+3.7%
4 99
0.0%
5+ 2426
+8.3%

Summary: The 11694 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
117-36.4%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11694, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 11694 in February 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for 11694, NY

How long does it take to sell a home in 11694, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
81 Days24 Days-70.3%

Summary: Homes in 11694 had an average of 24 days on market in Feb 2024, down by 70.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11694 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 11694; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in 11694, NY

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