Is 11714, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 11714 has remained a Seller's Market.
Housing Prices in 11714, NY
How much do homes in 11714, NY cost?
Median Sold Price
$643,000
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11714 was $643,000 in March 2024, up 2.2% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $282.5K | +10.8% |
2 Bedrooms | $435K | $515K | +18.4% |
3 Bedrooms | $580K | $630K | +8.6% |
4 Bedrooms | $670K | $660K | -1.5% |
5+ Bedrooms | $700K | $710K | +1.4% |
Summary: 11714 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 11714, NY
How many homes are available in 11714, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
52 | 56 | +7.7% |
Summary: The 11714 real estate market had 56 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 18 | 13 | -27.8% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 11714 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 11714 in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for 11714, NY
How long does it take to sell a home in 11714, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 35 Days | -44.7% |
Summary: Homes in 11714 had an average of 35 days on market in Mar 2024, down by 44.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 11714; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.