Is 11101, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11101 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11101 was a Buyer's Market.

Key Takeaway

11101 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 11101, NY

How much do homes in 11101, NY cost?

Median Sold Price

$1,199,649

$1,303/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$59,649(+5.2%)

Key Takeaway

Homes in 11101 have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in 11101 was $1,199,649 in October 2024, up 5.2% from last year, and the median price per square foot was $1,303.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $815K$935K
+14.7%
2 $1.2M$1.3M
+0.9%
3 $1.6M$1.9M
+18.3%
4 $1.4M$1.2M
-10.9%
5+ $1.3M$1.5M
+11.3%

Summary: 11101 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

11106
+33.3%
11101
+5.2%

Housing Supply in 11101, NY

How many homes are available in 11101, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1401400.0%

Summary: The 11101 real estate market had 140 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5855
-5.2%
2 4952
+6.1%
3 1415
+7.1%
4 54
-20.0%
5+ 1414
0.0%

Summary: The 11101 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1720+17.6%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11101, expect to pay close to the asking price. 65% of homes here sold near the asking price last month.

Summary: A total of 20 homes were sold or pending in 11101 in October 2024, up by 17.6% month-over-month. Of the 20 sold homes, 35% were sold under asking, 65% were sold at asking, and 0% were sold over asking.

Days on Market for 11101, NY

How long does it take to sell a home in 11101, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days66 Days+391.0%

Summary: Homes in 11101 had an average of 66 days on market in Oct 2024, up by 391% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11101 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 11101; 15% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 21 Days Ago

Newest Listings in 11101, NY

Nearby Markets to 11101, NY