Is 11704, 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, 11704 was a Seller's Market.
Key Takeaway
11704 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 11704, NY
How much do homes in 11704, NY cost?
Median Sold Price
$579,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11704 have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in 11704 was $579,000 in April 2024, up 7.4% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $276.5K | +5.3% |
| 2 Bedrooms | $450K | $450K | 0.0% |
| 3 Bedrooms | $520K | $550K | +5.8% |
| 4 Bedrooms | $570K | $608K | +6.7% |
| 5+ Bedrooms | $576K | $645K | +12.0% |
Summary: 11704 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 12%.
Housing Supply in 11704, NY
How many homes are available in 11704, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 112 | +12.0% |
Summary: The 11704 real estate market had 112 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 29 | 35 | +20.7% |
| 4 Bedrooms | 38 | 38 | 0.0% |
| 5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The 11704 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11704, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 11704 in April 2024, down by 5.9% month-over-month. Of the 16 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for 11704, NY
How long does it take to sell a home in 11704, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 31 Days | -50.5% |
Summary: Homes in 11704 had an average of 31 days on market in Apr 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 11704 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in 11704; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.