Is 11787, 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, 11787 has remained a Seller's Market.
Housing Prices in 11787, NY
How much do homes in 11787, NY cost?
Median Sold Price
$699,666
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11787 was $699,666 in March 2024, up 9.3% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $255K | +13.3% |
2 Bedrooms | $476K | $550K | +15.5% |
3 Bedrooms | $615K | $665K | +8.1% |
4 Bedrooms | $685K | $730K | +6.6% |
5+ Bedrooms | $800K | $830K | +3.8% |
Summary: 11787 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 11787, NY
How many homes are available in 11787, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 130 | +12.1% |
Summary: The 11787 real estate market had 130 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 53 | 55 | +3.8% |
5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The 11787 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 24 | +84.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in 11787 in March 2024, up by 84.6% month-over-month. Of the 24 sold homes, 33% were sold under asking, 13% were sold at asking, and 54% were sold over asking.
Days on Market for 11787, NY
How long does it take to sell a home in 11787, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 40 Days | -53.0% |
Summary: Homes in 11787 had an average of 40 days on market in Mar 2024, down by 53% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in 11787; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.