Is 11701, 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, 11701 was a Buyer's Market.
Housing Prices in 11701, NY
How much do homes in 11701, NY cost?
Median Sold Price
$520,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11701 was $520,000 in April 2024, up 4% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $252.5K | +20.2% |
2 Bedrooms | $435K | $447K | +2.8% |
3 Bedrooms | $502.5K | $515K | +2.5% |
4 Bedrooms | $550K | $580K | +5.5% |
5+ Bedrooms | $580K | $625K | +7.8% |
Summary: 11701 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in 11701, NY
How many homes are available in 11701, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 88 | -1.1% |
Summary: The 11701 real estate market had 88 homes for sale in April 2024, a 1.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 24 | 20 | -16.7% |
5+ Bedrooms | 21 | 18 | -14.3% |
Summary: The 11701 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in 11701 in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 21% were sold at asking, and 47% were sold over asking.
Days on Market for 11701, NY
How long does it take to sell a home in 11701, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 64 Days | -5.2% |
Summary: Homes in 11701 had an average of 64 days on market in Apr 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in 11701; 26% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.