Is 10977, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10977 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 10977 was a Seller's Market.

Key Takeaway

10977 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 10977, NY

How much do homes in 10977, NY cost?

Median Sold Price

$840,000

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$140,000(+20.0%)

Key Takeaway

Homes in 10977 have sold for 20% more than they did a year ago.

Summary: The median home sold price in 10977 was $840,000 in November 2024, up 20% from last year, and the median price per square foot was $396.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$73.9K
-13.0%
2 $310K$476K
+53.5%
3 $612.2K$680K
+11.1%
4 $766.5K$857K
+11.8%
5+ $999.9K$1.0M
+7.5%

Summary: 10977 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 53.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

10901
+25.4%
10977
+20.0%
10956
+10.9%
10952
+2.5%
10954
-0.9%

Housing Supply in 10977, NY

How many homes are available in 10977, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10591-13.3%

Summary: The 10977 real estate market had 91 homes for sale in November 2024, a 13.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1010
0.0%
2 108
-20.0%
3 1512
-20.0%
4 3329
-12.1%
5+ 3732
-13.5%

Summary: The 10977 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 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 13.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10977, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 10977 in November 2024, down by 6.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.

Days on Market for 10977, NY

How long does it take to sell a home in 10977, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days62 Days+68.3%

Summary: Homes in 10977 had an average of 62 days on market in Nov 2024, up by 68.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10977 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 10977; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 10977, NY

Nearby Markets to 10977, NY