Is 11791, 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, 11791 has remained a Buyer's Market.
Housing Prices in 11791, NY
How much do homes in 11791, NY cost?
Median Sold Price
$981,666
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11791 was $981,666 in March 2024, up 1.9% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $732.5K | $775K | +5.8% |
3 Bedrooms | $835K | $890K | +6.6% |
4 Bedrooms | $927.5K | $940K | +1.3% |
5+ Bedrooms | $1.3M | $1.5M | +12.5% |
Summary: 11791 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 increased by 5.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in 11791, NY
How many homes are available in 11791, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 130 | +15.0% |
Summary: The 11791 real estate market had 130 homes for sale in March 2024, a 15.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 27 | 31 | +14.8% |
5+ Bedrooms | 63 | 75 | +19.0% |
Summary: The 11791 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 remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 11791 in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for 11791, NY
How long does it take to sell a home in 11791, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 93 Days | +30.7% |
Summary: Homes in 11791 had an average of 93 days on market in Mar 2024, up by 30.7% compared to last year.
Breakdown of Home Sale Times
2 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, 11 homes were sold in 11791; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.