$8,906 Closing Credit*
$750,000
2,501 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Prime Place Realty
Is 11040, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 11040 was a Seller's Market.
Key Takeaway
11040 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11040, NY
How much do homes in 11040, NY cost?
Median Sold Price
$850,000
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+7.6%)
Key Takeaway
Homes in 11040 have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in 11040 was $850,000 in November 2024, up 7.6% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $295K | +19.2% |
| 2 Bedrooms | $395K | $389K | -1.5% |
| 3 Bedrooms | $744.5K | $775K | +4.1% |
| 4 Bedrooms | $787K | $868K | +10.3% |
| 5+ Bedrooms | $950K | $990K | +4.2% |
Summary: 11040 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 4.2%.
Housing Supply in 11040, NY
How many homes are available in 11040, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 147 | 140 | -4.8% |
Summary: The 11040 real estate market had 140 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 40 | 37 | -7.5% |
| 4 Bedrooms | 70 | 66 | -5.7% |
| 5+ Bedrooms | 31 | 29 | -6.5% |
Summary: The 11040 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 6.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 16 | -40.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11040, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 11040 in November 2024, down by 40.7% month-over-month. Of the 16 sold homes, 50% were sold under asking, 6% were sold at asking, and 44% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 57 Days | +10.1% |
Summary: Homes in 11040 had an average of 57 days on market in Nov 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11040 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in 11040; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% 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.