Is 11694, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 11694 has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $299K | +8.7% |
2 Bedrooms | $610K | $544K | -10.8% |
3 Bedrooms | $800K | $800K | 0.0% |
4 Bedrooms | $998K | $849K | -14.9% |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
91 | 97 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 27 | 28 | +3.7% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 24 | 26 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 7 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
81 Days | 24 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
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.