Is 11427, 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, 11427 was a Seller's Market.
Housing Prices in 11427, NY
How much do homes in 11427, NY cost?
Median Sold Price
$335,000
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in 11427 was $335,000 in May 2024, down 43.3% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $225K | -6.3% |
2 Bedrooms | $262K | $277K | +5.7% |
3 Bedrooms | $872.5K | $810K | -7.2% |
4 Bedrooms | $1.1M | $992.5K | -11.0% |
5+ Bedrooms | $1.3M | $1.3M | +3.8% |
Summary: 11427 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 11427, NY
How many homes are available in 11427, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 70 | +12.9% |
Summary: The 11427 real estate market had 70 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 29 | 33 | +13.8% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 11427 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in 11427 in May 2024, up by 200.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for 11427, NY
How long does it take to sell a home in 11427, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 78 Days | -15.6% |
Summary: Homes in 11427 had an average of 78 days on market in May 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in 11427; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.