Is 11961, 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, 11961 was a Seller's Market.
Key Takeaway
11961 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11961, NY
How much do homes in 11961, NY cost?
Median Sold Price
$395,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 11961 have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in 11961 was $395,000 in March 2024, down 1.3% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.2K | $225K | +5.0% |
| 2 Bedrooms | $350K | $370K | +5.7% |
| 3 Bedrooms | $460K | $467.5K | +1.6% |
| 4 Bedrooms | $549.9K | $570K | +3.6% |
| 5+ Bedrooms | $681K | $615K | -9.7% |
Summary: 11961 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in 11961, NY
How many homes are available in 11961, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 94 | 103 | +9.6% |
Summary: The 11961 real estate market had 103 homes for sale in March 2024, a 9.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 51 | 58 | +13.7% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 11961 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.7%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11961, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in 11961 in March 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for 11961, NY
How long does it take to sell a home in 11961, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 31 Days | -38.0% |
Summary: Homes in 11961 had an average of 31 days on market in Mar 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 11961 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in 11961; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.