Is 11731, 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, 11731 was a Buyer's Market.
Housing Prices in 11731, NY
How much do homes in 11731, NY cost?
Median Sold Price
$705,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11731 was $705,000 in April 2024, up 8% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $705K | $540K | -23.4% |
3 Bedrooms | $595K | $640K | +7.6% |
4 Bedrooms | $650K | $732.5K | +12.7% |
5+ Bedrooms | $840K | $825K | -1.8% |
Summary: 11731 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 1.8%.
Housing Supply in 11731, NY
How many homes are available in 11731, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 96 | +26.3% |
Summary: The 11731 real estate market had 96 homes for sale in April 2024, a 26.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 35 | 44 | +25.7% |
4 Bedrooms | 23 | 30 | +30.4% |
5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The 11731 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 decreased by 20%, 3 bedroom homes increased by 25.7%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in 11731 in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.
Days on Market for 11731, NY
How long does it take to sell a home in 11731, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 49 Days | +29.5% |
Summary: Homes in 11731 had an average of 49 days on market in Apr 2024, up by 29.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in 11731; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.