Is 11798, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 11798 was a Seller's Market.
Key Takeaway
11798 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11798, NY
How much do homes in 11798, NY cost?
Median Sold Price
$500,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 11798 have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in 11798 was $500,000 in April 2024, up 7.5% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $385K | +83.3% |
| 2 Bedrooms | $325K | $362.5K | +11.5% |
| 3 Bedrooms | $430K | $452.5K | +5.2% |
| 4 Bedrooms | $505K | $545K | +7.9% |
| 5+ Bedrooms | $550K | $577.5K | +5.0% |
Summary: 11798 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 5%.
Housing Supply in 11798, NY
How many homes are available in 11798, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 69 | +25.5% |
Summary: The 11798 real estate market had 69 homes for sale in April 2024, a 25.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 15 | 20 | +33.3% |
| 5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The 11798 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11798, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in 11798 in April 2024, the same as the previous month. Of the 7 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 11798, NY
How long does it take to sell a home in 11798, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 24 Days | -62.7% |
Summary: Homes in 11798 had an average of 24 days on market in Apr 2024, down by 62.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11798 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in 11798; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.