Is 11971, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 11971 has remained a Buyer's Market.
Housing Prices in 11971, NY
How much do homes in 11971, NY cost?
Median Sold Price
$999,000
$512/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 11971 was $999,000 in April 2024, up 0.2% from last year, and the median price per square foot was $512.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $682.5K | N/A |
2 Bedrooms | $643.7K | $603K | -6.3% |
3 Bedrooms | $910.5K | $940K | +3.2% |
4 Bedrooms | $1.2M | $1.2M | 0.0% |
5+ Bedrooms | $1.7M | $2.3M | +32.8% |
Summary: 11971 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 decreased by 6.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Zip Codes
11944 | $886.2K | $1.0M | +20.3% |
11971 | $997.4K | $999K | 0.2% |
Housing Supply in 11971, NY
How many homes are available in 11971, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 69 | +35.3% |
Summary: The 11971 real estate market had 69 homes for sale in April 2024, a 35.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 14 | 22 | +57.1% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The 11971 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 11971 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 11971, NY
How long does it take to sell a home in 11971, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
87 Days | 385 Days | +342.8% |
Summary: Homes in 11971 had an average of 385 days on market in Apr 2024, up by 342.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in 11971; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.