Is 11783, 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, 11783 has remained a Buyer's Market.
Housing Prices in 11783, NY
How much do homes in 11783, NY cost?
Median Sold Price
$660,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11783 was $660,000 in March 2024, up 1.5% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $257K | - | N/A |
2 Bedrooms | $580K | $538.5K | -7.2% |
3 Bedrooms | $610K | $645K | +5.7% |
4 Bedrooms | $669.5K | $720K | +7.5% |
5+ Bedrooms | $703K | $775K | +10.2% |
Summary: 11783 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 decreased by 7.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.2%.
Housing Supply in 11783, NY
How many homes are available in 11783, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 | 59 | +15.7% |
Summary: The 11783 real estate market had 59 homes for sale in March 2024, a 15.7% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 24 | 29 | +20.8% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The 11783 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 20.8%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 11783 in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for 11783, NY
How long does it take to sell a home in 11783, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 20 Days | -52.8% |
Summary: Homes in 11783 had an average of 20 days on market in Mar 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 11783; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.