Is 11780, 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, 11780 was a Seller's Market.
Housing Prices in 11780, NY
How much do homes in 11780, NY cost?
Median Sold Price
$660,000
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11780 was $660,000 in March 2024, up 4.8% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $387.5K | +7.6% |
2 Bedrooms | $462.5K | $462.7K | 0.0% |
3 Bedrooms | $600K | $610K | +1.7% |
4 Bedrooms | $740K | $780K | +5.4% |
5+ Bedrooms | $1.2M | $1.1M | -5.4% |
Summary: 11780 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in 11780, NY
How many homes are available in 11780, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 70 | +18.6% |
Summary: The 11780 real estate market had 70 homes for sale in March 2024, a 18.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The 11780 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 11780 in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 11780, NY
How long does it take to sell a home in 11780, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 37 Days | -53.7% |
Summary: Homes in 11780 had an average of 37 days on market in Mar 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 11780; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.