Is 10956, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10956 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 10956 was a Buyer's Market.

Key Takeaway

10956 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10956, NY

How much do homes in 10956, NY cost?

Median Sold Price

$750,000

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$73,750(+10.9%)

Key Takeaway

Homes in 10956 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 10956 was $750,000 in November 2024, up 10.9% from last year, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $370K$325K
-12.2%
2 $425K$475K
+11.8%
3 $550K$620.7K
+12.9%
4 $690K$750K
+8.7%
5+ $825K$901.5K
+9.3%

Summary: 10956 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

10977
+20.0%
10923
+13.3%
10920
+11.9%
10956
+10.9%
10954
-0.9%

Housing Supply in 10956, NY

How many homes are available in 10956, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123108-12.2%

Summary: The 10956 real estate market had 108 homes for sale in November 2024, a 12.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 66
0.0%
3 2419
-20.8%
4 5547
-14.5%
5+ 3635
-2.8%

Summary: The 10956 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 2.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2130+42.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10956, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in 10956 in November 2024, up by 42.9% month-over-month. Of the 30 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.

Days on Market for 10956, NY

How long does it take to sell a home in 10956, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days43 Days+38.3%

Summary: Homes in 10956 had an average of 43 days on market in Nov 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10956 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 30 homes were sold in 10956; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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

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