Is 10992, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10992 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 10992 has remained a Neutral Market.

Key Takeaway

10992 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 10992, NY

How much do homes in 10992, NY cost?

Median Sold Price

$479,950

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,950(+3.2%)

Key Takeaway

Homes in 10992 have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in 10992 was $479,950 in November 2024, up 3.2% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $185K$194.9K
+5.4%
2 $300K$325.5K
+8.5%
3 $453.7K$479.9K
+5.8%
4 $517K$530K
+2.5%
5+ $572.5K$680.5K
+18.9%

Summary: 10992 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Zip Codes

10992
+3.2%
10950
+2.9%

Housing Supply in 10992, NY

How many homes are available in 10992, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5547-14.5%

Summary: The 10992 real estate market had 47 homes for sale in November 2024, a 14.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 86
-25.0%
3 2018
-10.0%
4 2219
-13.6%
5+ 34
+33.3%

Summary: The 10992 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10992, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 10992 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for 10992, NY

How long does it take to sell a home in 10992, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days47 Days+47.9%

Summary: Homes in 10992 had an average of 47 days on market in Nov 2024, up by 47.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 10992 has remained consistent over time.

Summary: During November 2024, 7 homes were sold in 10992; 43% of homes were sold within 30 days, 57% 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 17 Days Ago

Newest Listings in 10992, NY

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