Is 11771, 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, 11771 has remained a Buyer's Market.
Housing Prices in 11771, NY
How much do homes in 11771, NY cost?
Median Sold Price
$1,355,000
$410/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11771 was $1,355,000 in March 2024, up 54.9% from last year, and the median price per square foot was $410.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $299K | -2.0% |
2 Bedrooms | $718K | $481.2K | -33.0% |
3 Bedrooms | $733K | $725K | -1.1% |
4 Bedrooms | $845K | $1.3M | +60.4% |
5+ Bedrooms | $2.1M | $1.9M | -6.0% |
Summary: 11771 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 33%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 60.4%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Zip Codes
11771 | $875K | $1.3M | +54.9% |
11560 | $1.0M | $1.1M | +6.1% |
Housing Supply in 11771, NY
How many homes are available in 11771, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Summary: The 11771 real estate market had 67 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The 11771 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 11771 in March 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for 11771, NY
How long does it take to sell a home in 11771, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 400 Days | +524.3% |
Summary: Homes in 11771 had an average of 400 days on market in Mar 2024, up by 524.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 11771; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.