Is 11951, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 11951 was a Seller's Market.
Housing Prices in 11951, NY
How much do homes in 11951, NY cost?
Median Sold Price
$388,700
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 11951 was $388,700 in March 2024, up 14.3% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $240K | +9.1% |
2 Bedrooms | $280K | $340K | +21.4% |
3 Bedrooms | $343K | $380K | +10.8% |
4 Bedrooms | $395K | $450K | +13.9% |
5+ Bedrooms | $425K | $449.5K | +5.8% |
Summary: 11951 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in 11951, NY
How many homes are available in 11951, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
82 | 95 | +15.9% |
Summary: The 11951 real estate market had 95 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 35 | 42 | +20.0% |
4 Bedrooms | 22 | 26 | +18.2% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 11951 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 11951 in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 11951, NY
How long does it take to sell a home in 11951, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
117 Days | 53 Days | -54.0% |
Summary: Homes in 11951 had an average of 53 days on market in Mar 2024, down by 54% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 11951; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.