Is 11967, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11967 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 11967 was a Seller's Market.

Key Takeaway

11967 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 11967, NY

How much do homes in 11967, NY cost?

Median Sold Price

$440,000

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$20,000(+4.8%)

Key Takeaway

Homes in 11967 have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in 11967 was $440,000 in April 2024, up 4.8% from last year, and the median price per square foot was $310.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$355K
N/A
2 $332.5K$385K
+15.8%
3 $407.8K$430K
+5.4%
4 $460K$515K
+12.0%
5+ $481K$515K
+7.1%

Summary: 11967 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 15.8%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Zip Codes

11951
+14.7%
11950
+10.9%
11967
+4.8%
11719
+2.3%

Housing Supply in 11967, NY

How many homes are available in 11967, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
116128+10.3%

Summary: The 11967 real estate market had 128 homes for sale in April 2024, a 10.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1618
+12.5%
3 5456
+3.7%
4 3644
+22.2%
5+ 99
0.0%

Summary: The 11967 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 12.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11967, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 11967 in April 2024, up by 18.8% month-over-month. Of the 19 sold homes, 32% were sold under asking, 11% were sold at asking, and 58% were sold over asking.

Days on Market for 11967, NY

How long does it take to sell a home in 11967, NY?

Average Sale Time

Apr 2023Apr 2024CHANGE
51 Days43 Days-16.2%

Summary: Homes in 11967 had an average of 43 days on market in Apr 2024, down by 16.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11967 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 19 homes were sold in 11967; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% 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 3 Days Ago

Newest Listings in 11967, NY

Nearby Markets to 11967, NY