Is 11741, 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, 11741 was a Seller's Market.
Housing Prices in 11741, NY
How much do homes in 11741, NY cost?
Median Sold Price
$563,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11741 was $563,000 in March 2024, up 3.8% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $120K | -67.1% |
2 Bedrooms | $385K | $412.5K | +7.1% |
3 Bedrooms | $520K | $535.5K | +3.0% |
4 Bedrooms | $587.5K | $610K | +3.8% |
5+ Bedrooms | $592.5K | $601K | +1.4% |
Summary: 11741 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 67.1%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 11741, NY
How many homes are available in 11741, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 56 | +14.3% |
Summary: The 11741 real estate market had 56 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 11741 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 50%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 5 | -58.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 11741 in March 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 11741, NY
How long does it take to sell a home in 11741, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 34 Days | -42.9% |
Summary: Homes in 11741 had an average of 34 days on market in Mar 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 11741; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.