Is 11354, 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, 11354 has remained a Buyer's Market.
Key Takeaway
11354 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11354, NY
How much do homes in 11354, NY cost?
Median Sold Price
$635,000
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 11354 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 11354 was $635,000 in May 2024, down 2.3% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $330K | $341.5K | +3.5% |
| 2 Bedrooms | $548.2K | $580K | +5.8% |
| 3 Bedrooms | $912.5K | $895K | -1.9% |
| 4 Bedrooms | $1.1M | $1.1M | 0.0% |
| 5+ Bedrooms | $1.5M | $1.3M | -12.5% |
Summary: 11354 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.5%.
Housing Supply in 11354, NY
How many homes are available in 11354, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 216 | 240 | +11.1% |
Summary: The 11354 real estate market had 240 homes for sale in May 2024, a 11.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 65 | +25.0% |
| 2 Bedrooms | 98 | 97 | -1.0% |
| 3 Bedrooms | 37 | 40 | +8.1% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 16 | 25 | +56.3% |
Summary: The 11354 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 56.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 19 | +35.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11354, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in 11354 in May 2024, up by 35.7% month-over-month. Of the 19 sold homes, 74% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for 11354, NY
How long does it take to sell a home in 11354, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 129 Days | 83 Days | -35.9% |
Summary: Homes in 11354 had an average of 83 days on market in May 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11354 has remained consistent over time.
Summary: During May 2024, 19 homes were sold in 11354; 26% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 26% 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. 
©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.