Is 11955, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11955 is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 11955 was a Buyer's Market.

Key Takeaway

11955 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11955, NY

How much do homes in 11955, NY cost?

Median Sold Price

$540,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$40,000(+8.0%)

Key Takeaway

Homes in 11955 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 11955 was $540,000 in April 2024, up 8% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $439K$475K
+8.2%
3 $695K$577.5K
-16.9%
4 $602.5K$675K
+12.0%
5+ $768K-
N/A

Summary: 11955 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

11950
+10.9%
11955
+8.0%
11949
-0.3%
11934
-3.4%

Housing Supply in 11955, NY

How many homes are available in 11955, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
17170.0%

Summary: The 11955 real estate market had 17 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 910
+11.1%
3 65
-16.7%
4 22
0.0%
5+ 00
0.0%

Summary: The 11955 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 11.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11955, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 11955 in April 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 11955, NY

How long does it take to sell a home in 11955, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
5 Days87 Days+1656.0%

Summary: Homes in 11955 had an average of 87 days on market in Apr 2024, up by 1656% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11955 has remained consistent over time.

Summary: During April 2024, 5 homes were sold in 11955; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

Newest Listings in 11955, NY

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