$10,000 Closing Credit*
$1,270,000
2,180 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: LAFFEY REAL ESTATE
Is 11050, 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, 11050 was a Neutral Market.
Key Takeaway
11050 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11050, NY
How much do homes in 11050, NY cost?
Median Sold Price
$1,200,000
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$140,000(+13.2%)
Key Takeaway
Homes in 11050 have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in 11050 was $1,200,000 in October 2024, up 13.2% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $392.5K | +31.7% |
| 2 Bedrooms | $662.5K | $710K | +7.2% |
| 3 Bedrooms | $915K | $999.9K | +9.3% |
| 4 Bedrooms | $1.2M | $1.3M | +6.4% |
| 5+ Bedrooms | $1.6M | $2.5M | +52.7% |
Summary: 11050 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 52.7%.
Housing Supply in 11050, NY
How many homes are available in 11050, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 125 | 124 | -0.8% |
Summary: The 11050 real estate market had 124 homes for sale in October 2024, a 0.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 35 | 33 | -5.7% |
| 5+ Bedrooms | 32 | 39 | +21.9% |
Summary: The 11050 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 14 | -46.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11050, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 11050 in October 2024, down by 46.2% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.
Days on Market for 11050, NY
How long does it take to sell a home in 11050, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 88 Days | +98.2% |
Summary: Homes in 11050 had an average of 88 days on market in Oct 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
5 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 11050 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in 11050; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% 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.