Is 11747, 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, 11747 was a Seller's Market.
Housing Prices in 11747, NY
How much do homes in 11747, NY cost?
Median Sold Price
$800,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11747 was $800,000 in March 2024, up 0.9% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $603K | $615K | +2.0% |
3 Bedrooms | $760K | $785K | +3.3% |
4 Bedrooms | $850K | $875K | +2.9% |
5+ Bedrooms | $1.4M | $1.3M | -4.1% |
Summary: 11747 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in 11747, NY
How many homes are available in 11747, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 77 | +10.0% |
Summary: The 11747 real estate market had 77 homes for sale in March 2024, a 10.0% 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 | 18 | 21 | +16.7% |
3 Bedrooms | 17 | 14 | -17.6% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The 11747 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 16.7%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 11747 in March 2024, down by 45.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 11747, NY
How long does it take to sell a home in 11747, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 44 Days | -35.0% |
Summary: Homes in 11747 had an average of 44 days on market in Mar 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
3 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, 6 homes were sold in 11747; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.