Is 10916, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10916 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 10916 was a Buyer's Market.

Key Takeaway

10916 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 10916, NY

How much do homes in 10916, NY cost?

Median Sold Price

$540,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+3.8%)

Key Takeaway

Homes in 10916 have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in 10916 was $540,000 in November 2024, up 3.8% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $498.7K$532.7K
+6.8%
3 $475K$455K
-4.2%
4 $612.5K$582.5K
-4.9%
5+ $623.7K$845K
+35.5%

Summary: 10916 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 6.8%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 35.5%.

Median Sold Price Compared To Nearby Zip Codes

12543
+9.1%
10916
+3.8%
10992
+3.2%

Housing Supply in 10916, NY

How many homes are available in 10916, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3226-18.8%

Summary: The 10916 real estate market had 26 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 119
-18.2%
4 117
-36.4%
5+ 67
+16.7%

Summary: The 10916 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10916, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 10916 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 10916, NY

How long does it take to sell a home in 10916, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days44 Days-20.7%

Summary: Homes in 10916 had an average of 44 days on market in Nov 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10916 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 4 homes were sold in 10916; 50% 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.

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

Report Updated 2 Days Ago

Newest Listings in 10916, NY

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