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 20 Days Ago

Newest Listings in 10990, NY

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