Is 11214, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11214 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 11214 has remained a Buyer's Market.

Key Takeaway

11214 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11214, NY

How much do homes in 11214, NY cost?

Median Sold Price

$865,000

$534/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,500(+5.8%)

Key Takeaway

Homes in 11214 have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in 11214 was $865,000 in November 2024, up 5.8% from last year, and the median price per square foot was $534.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $289K$335K
+15.9%
2 $460K$450K
-2.2%
3 $780K$852.5K
+9.3%
4 $952K$1.1M
+24.3%
5+ $1.4M$1.6M
+6.8%

Summary: 11214 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Zip Codes

11214
+5.8%
11228
0.0%
11224
-8.4%

Housing Supply in 11214, NY

How many homes are available in 11214, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
188187-0.5%

Summary: The 11214 real estate market had 187 homes for sale in November 2024, a 0.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2624
-7.7%
2 5853
-8.6%
3 4344
+2.3%
4 1012
+20.0%
5+ 5154
+5.9%

Summary: The 11214 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11110.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11214, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 11214 in November 2024, the same as the previous month. Of the 11 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.

Days on Market for 11214, NY

How long does it take to sell a home in 11214, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
97 Days126 Days+29.9%

Summary: Homes in 11214 had an average of 126 days on market in Nov 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11214 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 11 homes were sold in 11214; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% 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 11214, NY

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