Is 11958, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11958 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 11958 was a Neutral Market.

Key Takeaway

11958 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11958, NY

How much do homes in 11958, NY cost?

Median Sold Price

$1,592,500

$624/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$1,257,500(-44.1%)

Key Takeaway

Homes in 11958 have sold for 44.1% less than they did a month ago.

Summary: The median home sold price in 11958 was $1,592,500 in March 2024, down 44.1% from last month, and the median price per square foot was $624.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 -$1.5M
N/A
4 --
N/A
5+ $2.8M-
N/A

Summary: 11958 housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 11958, NY

How many homes are available in 11958, NY?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
660.0%

Summary: The 11958 real estate market had 6 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The 11958 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11958, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 11958 in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 11958, NY

How long does it take to sell a home in 11958, NY?

Average Sale Time

Feb 2024Mar 2024CHANGE
138 Days108 Days-21.7%

Summary: Homes in 11958 had an average of 108 days on market in Mar 2024, down by 21.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11958 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 2 homes were sold in 11958; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 29 Days Ago

Newest Listings in 11958, NY

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