Is 11722, 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, 11722 was a Seller's Market.
Housing Prices in 11722, NY
How much do homes in 11722, NY cost?
Median Sold Price
$468,500
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11722 was $468,500 in March 2024, up 5.4% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $192.5K | $268.2K | +39.4% |
2 Bedrooms | $395K | $410K | +3.8% |
3 Bedrooms | $448K | $472.5K | +5.5% |
4 Bedrooms | $475K | $512.5K | +7.9% |
5+ Bedrooms | $520K | $575K | +10.6% |
Summary: 11722 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Zip Codes
11752 | $530K | $595K | +12.3% |
11722 | $444.3K | $468.5K | +5.4% |
11788 | $650K | $675K | +3.8% |
Housing Supply in 11722, NY
How many homes are available in 11722, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 | 118 | +5.4% |
Summary: The 11722 real estate market had 118 homes for sale in March 2024, a 5.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 41 | 41 | 0.0% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 22 | 22 | 0.0% |
Summary: The 11722 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 11722 in March 2024, up by 20.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 22% were sold at asking, and 61% were sold over asking.
Days on Market for 11722, NY
How long does it take to sell a home in 11722, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 34 Days | -60.9% |
Summary: Homes in 11722 had an average of 34 days on market in Mar 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 11722; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.