Is 11101, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 11101 has remained a Buyer's Market.
Key Takeaway
11101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11101, NY
How much do homes in 11101, NY cost?
Median Sold Price
$1,210,000
$1,318/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 11101 have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in 11101 was $1,210,000 in May 2024, up 3.7% from last year, and the median price per square foot was $1,318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $835K | $857.5K | +2.7% |
| 2 Bedrooms | $1.3M | $1.3M | -0.9% |
| 3 Bedrooms | $1.7M | $1.9M | +7.1% |
| 4 Bedrooms | $1.3M | $1.2M | -8.3% |
| 5+ Bedrooms | $1.5M | $1.3M | -8.0% |
Summary: 11101 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 8%.
Housing Supply in 11101, NY
How many homes are available in 11101, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 124 | 125 | +0.8% |
Summary: The 11101 real estate market had 125 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 42 | -4.5% |
| 2 Bedrooms | 53 | 49 | -7.5% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 16 | 22 | +37.5% |
Summary: The 11101 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11101, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 11101 in May 2024, down by 33.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for 11101, NY
How long does it take to sell a home in 11101, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 126 Days | 129 Days | +2.6% |
Summary: Homes in 11101 had an average of 129 days on market in May 2024, up by 2.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11101 has remained consistent over time.
Summary: During May 2024, 10 homes were sold in 11101; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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