Is 11420, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 11420 was a Seller's Market.
Housing Prices in 11420, NY
How much do homes in 11420, NY cost?
Median Sold Price
$692,500
$490/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 11420 was $692,500 in May 2024, down 0.8% from last year, and the median price per square foot was $490.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | $325K | 0.0% |
2 Bedrooms | $553K | $535K | -3.3% |
3 Bedrooms | $650K | $685K | +5.4% |
4 Bedrooms | $765K | $830K | +8.5% |
5+ Bedrooms | $975K | $1.1M | +21.0% |
Summary: 11420 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 21%.
Housing Supply in 11420, NY
How many homes are available in 11420, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
114 | 136 | +19.3% |
Summary: The 11420 real estate market had 136 homes for sale in May 2024, a 19.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 63 | 74 | +17.5% |
4 Bedrooms | 15 | 21 | +40.0% |
5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The 11420 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 remained the same, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 11420 in May 2024, up by 200.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for 11420, NY
How long does it take to sell a home in 11420, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
112 Days | 50 Days | -55.2% |
Summary: Homes in 11420 had an average of 50 days on market in May 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in 11420; 33% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.