Is 11106, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11106 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 11106 has remained a Buyer's Market.

Key Takeaway

11106 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11106, NY

How much do homes in 11106, NY cost?

Median Sold Price

$735,000

$672/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$170,000(+30.1%)

Key Takeaway

Homes in 11106 have sold for 30.1% more than they did a year ago.

Summary: The median home sold price in 11106 was $735,000 in November 2024, up 30.1% from last year, and the median price per square foot was $672.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $395K$564K
+42.8%
2 $490K$500K
+2.0%
3 $648.5K$730K
+12.6%
4 $1.1M$1.4M
+27.4%
5+ $1.5M$1.5M
+1.7%

Summary: 11106 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

11106
+30.1%
11101
+4.3%
11103
-2.2%

Housing Supply in 11106, NY

How many homes are available in 11106, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
124115-7.3%

Summary: The 11106 real estate market had 115 homes for sale in November 2024, a 7.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 5750
-12.3%
2 2427
+12.5%
3 1615
-6.3%
4 65
-16.7%
5+ 2118
-14.3%

Summary: The 11106 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 increased by 12.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11106, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in 11106 in November 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for 11106, NY

How long does it take to sell a home in 11106, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days76 Days+63.1%

Summary: Homes in 11106 had an average of 76 days on market in Nov 2024, up by 63.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11106 has remained consistent over time.

Summary: During November 2024, 10 homes were sold in 11106; 0% of homes were sold within 30 days, 30% 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 11106, NY

Nearby Markets to 11106, NY