Is 10990, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10990 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 10990 was a Buyer's Market.

Key Takeaway

10990 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10990, NY

How much do homes in 10990, NY cost?

Median Sold Price

$525,750

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,750(+5.1%)

Key Takeaway

Homes in 10990 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 10990 was $525,750 in October 2024, up 5.1% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250K$285.9K
+14.4%
2 $325K$370K
+13.8%
3 $450K$505K
+12.2%
4 $680K$710K
+4.4%
5+ $675K$660K
-2.2%

Summary: 10990 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

10924
+22.2%
10925
+5.3%
10990
+5.1%
10921
+0.8%

Housing Supply in 10990, NY

How many homes are available in 10990, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103101-1.9%

Summary: The 10990 real estate market had 101 homes for sale in October 2024, a 1.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1612
-25.0%
3 4242
0.0%
4 3938
-2.6%
5+ 58
+60.0%

Summary: The 10990 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2025+25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10990, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 10990 in October 2024, up by 25.0% month-over-month. Of the 25 sold homes, 28% were sold under asking, 12% were sold at asking, and 60% were sold over asking.

Days on Market for 10990, NY

How long does it take to sell a home in 10990, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
65 Days33 Days-48.5%

Summary: Homes in 10990 had an average of 33 days on market in Oct 2024, down by 48.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10990 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 10990; 56% of homes were sold within 30 days, 44% 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 4 Days Ago

Newest Listings in 10990, NY

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