Is 11940, NY a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing 11940 is a neutral's market


Difference Since February 2022

At the same time last year, 11940 was a Buyer's Market.

Key Takeaway

11940 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in 11940, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2022


Key Takeaway

The sold price of homes in 11940 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSFeb 2022Feb 2023%
1 --
2 $635K$445K
3 $536.1K$550K
4 $684.5K$775K
5+ $840K$987.4K

Median Sold Price Compared To Nearby Zip Codes


How many homes are available in 11940, NY?

Number of Homes For Sale

Jan 2023Feb 2023%

Homes For Sale By Bedroom Count

# BEDSJan 2023Feb 2023%
1 00
2 11
3 77
4 1516
5+ 33

Number of Homes Sold

Jan 2023Feb 2023%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11940, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Feb 2022Feb 2023%
82 Days76 Days-7.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11940 are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 11940, NY

Number of homes for sale in 11940, NY real estate market have reached 27. In February 2023 in 11940, NY there were 3.8% more homes for sale than in January 2023. Listings spent 76 days on the market in February 2023, and had a median list price of $650,000 during the same period. Listing prices have changed in this real estate market between January 2023 and February 2023: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 29.9%, the cost of 3 bedrooms properties went up by 2.6%, prices of 4 bedrooms properties went up by 13.2%, 5 bedrooms properties became 17.6% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes went up by 6.7%, 5 bedrooms homes inventory did not change. 11940, NY housing market in February 2023 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.