Is 11378, 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, 11378 has remained a Buyer's Market.
Housing Prices in 11378, NY
How much do homes in 11378, NY cost?
Median Sold Price
$865,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 11378 was $865,000 in May 2024, down 3.8% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $328K | +19.3% |
2 Bedrooms | $720K | $670K | -6.9% |
3 Bedrooms | $854.5K | $850K | -0.5% |
4 Bedrooms | $945K | $989K | +4.7% |
5+ Bedrooms | $1.0M | $1.1M | +8.7% |
Summary: 11378 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in 11378, NY
How many homes are available in 11378, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
90 | 103 | +14.4% |
Summary: The 11378 real estate market had 103 homes for sale in May 2024, a 14.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 32 | 31 | -3.1% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 24 | 33 | +37.5% |
Summary: The 11378 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 6 | -53.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 11378 in May 2024, down by 53.8% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 11378, NY
How long does it take to sell a home in 11378, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
97 Days | 50 Days | -48.1% |
Summary: Homes in 11378 had an average of 50 days on market in May 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in 11378; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.