Is 11710, 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, 11710 was a Seller's Market.
Housing Prices in 11710, NY
How much do homes in 11710, NY cost?
Median Sold Price
$699,500
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11710 was $699,500 in March 2024, up 3.6% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $284K | $339K | +19.4% |
2 Bedrooms | $497K | $520K | +4.6% |
3 Bedrooms | $630K | $635.7K | +0.9% |
4 Bedrooms | $725K | $749.5K | +3.4% |
5+ Bedrooms | $750K | $830K | +10.7% |
Summary: 11710 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 10.7%.
Housing Supply in 11710, NY
How many homes are available in 11710, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 112 | +13.1% |
Summary: The 11710 real estate market had 112 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 41 | 48 | +17.1% |
5+ Bedrooms | 25 | 27 | +8.0% |
Summary: The 11710 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in 11710 in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.
Days on Market for 11710, NY
How long does it take to sell a home in 11710, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
75 Days | 53 Days | -28.7% |
Summary: Homes in 11710 had an average of 53 days on market in Mar 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in 11710; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.