Is 11901, 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, 11901 has remained a Buyer's Market.
Housing Prices in 11901, NY
How much do homes in 11901, NY cost?
Median Sold Price
$547,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11901 was $547,000 in March 2024, up 2.2% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $370K | +5.7% |
2 Bedrooms | $435K | $455K | +4.6% |
3 Bedrooms | $558.5K | $581.2K | +4.1% |
4 Bedrooms | $605K | $657.5K | +8.7% |
5+ Bedrooms | $600K | $585K | -2.5% |
Summary: 11901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in 11901, NY
How many homes are available in 11901, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
70 | 84 | +20.0% |
Summary: The 11901 real estate market had 84 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 11901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 11901 in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for 11901, NY
How long does it take to sell a home in 11901, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 95 Days | +79.0% |
Summary: Homes in 11901 had an average of 95 days on market in Mar 2024, up by 79% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in 11901; 18% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.