$10,000 Closing Credit*
$1,499,999
966 SqFt
2 Beds
•2 Full Baths
#RPLU-628123285733, Jillian Maslow, Listing Office: Elika Associates II LLC
Is 11101, 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, 11101 was a Neutral Market.
Key Takeaway
11101 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11101, NY
How much do homes in 11101, NY cost?
Median Sold Price
$1,189,000
$1,303/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,000(+4.3%)
Key Takeaway
Homes in 11101 have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in 11101 was $1,189,000 in November 2024, up 4.3% from last year, and the median price per square foot was $1,303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $830K | $899.9K | +8.4% |
| 2 Bedrooms | $1.2M | $1.2M | 0.0% |
| 3 Bedrooms | $1.4M | $2.0M | +42.8% |
| 4 Bedrooms | $1.3M | $1.2M | -8.3% |
| 5+ Bedrooms | $1.3M | $1.5M | +14.1% |
Summary: 11101 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 42.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Zip Codes
| 11106 | $565K | $735K | +30.1% |
| 11101 | $1.1M | $1.1M | +4.3% |
Housing Supply in 11101, NY
How many homes are available in 11101, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 122 | -9.0% |
Summary: The 11101 real estate market had 122 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 57 | 50 | -12.3% |
| 2 Bedrooms | 49 | 45 | -8.2% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The 11101 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.3%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11101, expect to pay close to the asking price. 47.1% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 11101 in November 2024, down by 5.6% month-over-month. Of the 17 sold homes, 41% were sold under asking, 47% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 127 Days | 123 Days | -3.2% |
Summary: Homes in 11101 had an average of 123 days on market in Nov 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11101 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 17 homes were sold in 11101; 6% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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