Is 11003, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11003 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11003 was a Seller's Market.

Key Takeaway

11003 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 11003, NY

How much do homes in 11003, NY cost?

Median Sold Price

$675,000

$459/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+8.9%)

Key Takeaway

Homes in 11003 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 11003 was $675,000 in October 2024, up 8.9% from last year, and the median price per square foot was $459.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $357.5K$350K
-2.1%
2 $500K$477.5K
-4.5%
3 $592K$645K
+9.0%
4 $625K$665K
+6.4%
5+ $775K$880K
+13.5%

Summary: 11003 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Zip Codes

11010
+15.4%
11003
+8.9%
11580
+7.9%
11411
+5.4%
11001
+4.1%

Housing Supply in 11003, NY

How many homes are available in 11003, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
113115+1.8%

Summary: The 11003 real estate market had 115 homes for sale in October 2024, a 1.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 107
-30.0%
3 2629
+11.5%
4 5054
+8.0%
5+ 2624
-7.7%

Summary: The 11003 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 30%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
18180.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11003, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 11003 in October 2024, the same as the previous month. Of the 18 sold homes, 39% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for 11003, NY

How long does it take to sell a home in 11003, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days41 Days-19.4%

Summary: Homes in 11003 had an average of 41 days on market in Oct 2024, down by 19.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11003 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 11003; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

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