$8,134 Closing Credit*
$685,000
1 Bed
•1 Bath
#COMP-1704412064307613969, Kryon Grant, Listing Office: Compass
Is 11205, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 11205 has remained a Buyer's Market.
Key Takeaway
11205 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11205, NY
How much do homes in 11205, NY cost?
Median Sold Price
$1,061,500
$1,069/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$146,500(+16.0%)
Key Takeaway
Homes in 11205 have sold for 16% more than they did a year ago.
Summary: The median home sold price in 11205 was $1,061,500 in October 2024, up 16% from last year, and the median price per square foot was $1,069.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $690K | $689K | -0.1% |
| 2 Bedrooms | $1.1M | $999K | -9.2% |
| 3 Bedrooms | $1.2M | $2.1M | +69.2% |
| 4 Bedrooms | $2.2M | $3.2M | +46.4% |
| 5+ Bedrooms | $2.4M | $2.3M | -4.4% |
Summary: 11205 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 69.2%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in 11205, NY
How many homes are available in 11205, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 54 | -5.3% |
Summary: The 11205 real estate market had 54 homes for sale in October 2024, a 5.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 19 | -24.0% |
| 2 Bedrooms | 12 | 15 | +25.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 11205 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 24%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11205, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 11205 in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.
Days on Market for 11205, NY
How long does it take to sell a home in 11205, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 233 Days | 78 Days | -66.5% |
Summary: Homes in 11205 had an average of 78 days on market in Oct 2024, down by 66.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11205 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 11205; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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