Is 10471, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10471 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 10471 has remained a Buyer's Market.

Key Takeaway

10471 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 10471, NY

How much do homes in 10471, NY cost?

Median Sold Price

$345,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+7.8%)

Key Takeaway

Homes in 10471 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 10471 was $345,000 in November 2024, up 7.8% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230K$230K
0.0%
2 $340K$365K
+7.4%
3 $742.5K$592.5K
-20.2%
4 $1.2M$1.1M
-3.1%
5+ $1.3M$1.6M
+28.8%

Summary: 10471 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 28.8%.

Median Sold Price Compared To Nearby Zip Codes

10471
+7.8%
10470
+5.6%
10463
+1.4%
10705
-0.3%

Housing Supply in 10471, NY

How many homes are available in 10471, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116108-6.9%

Summary: The 10471 real estate market had 108 homes for sale in November 2024, a 6.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4138
-7.3%
2 3434
0.0%
3 1813
-27.8%
4 1212
0.0%
5+ 1111
0.0%

Summary: The 10471 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1512-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10471, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 10471 in November 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.

Days on Market for 10471, NY

How long does it take to sell a home in 10471, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
123 Days80 Days-35.1%

Summary: Homes in 10471 had an average of 80 days on market in Nov 2024, down by 35.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 10471 has remained consistent over time.

Summary: During November 2024, 12 homes were sold in 10471; 8% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 10471, NY

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