Is 11782, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11782 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 11782 was a Neutral Market.

Key Takeaway

11782 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11782, NY

How much do homes in 11782, NY cost?

Median Sold Price

$612,500

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$35,505(+6.2%)

Key Takeaway

Homes in 11782 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 11782 was $612,500 in February 2024, up 6.2% from last year, and the median price per square foot was $376.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $190K$270K
+42.1%
2 $447K$450K
+0.7%
3 $569K$615K
+8.1%
4 $700K$725K
+3.6%
5+ $700K$677.5K
-3.2%

Summary: 11782 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Zip Codes

11716
+9.8%
11782
+6.2%
11705
+3.8%
11741
+2.9%

Housing Supply in 11782, NY

How many homes are available in 11782, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3446+35.3%

Summary: The 11782 real estate market had 46 homes for sale in February 2024, a 35.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 68
+33.3%
3 1521
+40.0%
4 811
+37.5%
5+ 45
+25.0%

Summary: The 11782 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11782, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 11782 in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 11782, NY

How long does it take to sell a home in 11782, NY?

Average Sale Time

Feb 2023Feb 2024CHANGE
153 Days67 Days-55.8%

Summary: Homes in 11782 had an average of 67 days on market in Feb 2024, down by 55.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11782 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in 11782; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in 11782, NY

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