$10,000 Closing Credit*
$2,199,000
4,036 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: Keller Williams Realty Greater
Is 11040, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 11040 was a Seller's Market.
Key Takeaway
11040 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 11040, NY
How much do homes in 11040, NY cost?
Median Sold Price
$841,666
$548/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$56,500(+7.2%)
Key Takeaway
Homes in 11040 have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in 11040 was $841,666 in October 2024, up 7.2% from last year, and the median price per square foot was $548.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $248K | $285K | +14.9% |
| 2 Bedrooms | $395K | $389K | -1.5% |
| 3 Bedrooms | $748.9K | $767.5K | +2.5% |
| 4 Bedrooms | $780K | $864K | +10.8% |
| 5+ Bedrooms | $950K | $995.5K | +4.8% |
Summary: 11040 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in 11040, NY
How many homes are available in 11040, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 146 | 152 | +4.1% |
Summary: The 11040 real estate market had 152 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 77 | 74 | -3.9% |
| 5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The 11040 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 remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11040, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 11040 in October 2024, down by 11.1% month-over-month. Of the 24 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for 11040, NY
How long does it take to sell a home in 11040, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 40 Days | +19.7% |
Summary: Homes in 11040 had an average of 40 days on market in Oct 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11040 has remained consistent over time.
Summary: During October 2024, 24 homes were sold in 11040; 46% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.