$10,000 Closing Credit*
$1,399,000
3 Full Baths
#488130, Listing Office: US National Real Estate Inc
Is 11203, 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, 11203 was a Neutral Market.
Key Takeaway
11203 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11203, NY
How much do homes in 11203, NY cost?
Median Sold Price
$749,000
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$56,500(+8.2%)
Key Takeaway
Homes in 11203 have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in 11203 was $749,000 in November 2024, up 8.2% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $255K | +3.0% |
| 2 Bedrooms | $502.8K | $568K | +13.0% |
| 3 Bedrooms | $667.5K | $690K | +3.4% |
| 4 Bedrooms | $765K | $789K | +3.1% |
| 5+ Bedrooms | $940.2K | $935K | -0.6% |
Summary: 11203 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in 11203, NY
How many homes are available in 11203, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 125 | -4.6% |
Summary: The 11203 real estate market had 125 homes for sale in November 2024, a 4.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 16 | 13 | -18.8% |
| 3 Bedrooms | 46 | 46 | 0.0% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The 11203 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11203, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 11203 in November 2024, up by 30.0% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for 11203, NY
How long does it take to sell a home in 11203, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 195 Days | +165.3% |
Summary: Homes in 11203 had an average of 195 days on market in Nov 2024, up by 165.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11203 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 13 homes were sold in 11203; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 77% of homes were sold over 90 days.
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Listings courtesy of OneKey MLS as distributed by MLS GRID.
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