Is 10511, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10511 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10511 was a Seller's Market.

Key Takeaway

10511 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 10511, NY

How much do homes in 10511, NY cost?

Median Sold Price

$512,500

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$33,750(-6.2%)

Key Takeaway

Homes in 10511 have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in 10511 was $512,500 in October 2024, down 6.2% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $460K$437.5K
-4.9%
3 $460K$515K
+12.0%
4 $665K$790K
+18.8%
5+ $699K$824.5K
+18.0%

Summary: 10511 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Zip Codes

10566
+5.5%
10511
-6.2%

Housing Supply in 10511, NY

How many homes are available in 10511, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
56+20.0%

Summary: The 10511 real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 11
0.0%
5+ 12
+100.0%

Summary: The 10511 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10511, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 10511 in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 10511, NY

How long does it take to sell a home in 10511, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days13 Days-71.1%

Summary: Homes in 10511 had an average of 13 days on market in Oct 2024, down by 71.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10511 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in 10511; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in 10511, NY

Nearby Markets to 10511, NY