Is 10994, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 10994 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 10994 has remained a Seller's Market.

Key Takeaway

10994 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 10994, NY

How much do homes in 10994, NY cost?

Median Sold Price

$680,000

$362/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$20,000(-2.9%)

Key Takeaway

Homes in 10994 have sold for 2.9% less than they did a month ago.

Summary: The median home sold price in 10994 was $680,000 in December 2024, down 2.9% from last month, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$365K
N/A
3 $600K$580K
-3.3%
4 $697.5K$1.2M
+84.9%
5+ $976.9K-
N/A

Summary: 10994 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 84.9%, and 5+ bedroom homes did not change.

Housing Supply in 10994, NY

How many homes are available in 10994, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2113-38.1%

Summary: The 10994 real estate market had 13 homes for sale in December 2024, a 38.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 64
-33.3%
4 95
-44.4%
5+ 53
-40.0%

Summary: The 10994 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 10994, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 10994 in December 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 10994, NY

How long does it take to sell a home in 10994, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
41 Days41 Days-1.2%

Summary: Homes in 10994 had an average of 41 days on market in Dec 2024, down by 1.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 10994 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 4 homes were sold in 10994; 50% of homes were sold within 30 days, 50% 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 10994, NY

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