$6,353 Closing Credit*
$535,000
545 SqFt
1 Bed
•1 Full Bath
#RPLU-33423261813, Michael Turtora, Listing Office: Corcoran Group
Is 11216, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 11216 was a Neutral Market.
Key Takeaway
11216 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11216, NY
How much do homes in 11216, NY cost?
Median Sold Price
$1,273,172
$988/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$121,828(-8.7%)
Key Takeaway
Homes in 11216 have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in 11216 was $1,273,172 in October 2024, down 8.7% from last year, and the median price per square foot was $988.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $687.3K | $695K | +1.1% |
| 2 Bedrooms | $999K | $1.0M | +8.6% |
| 3 Bedrooms | $1.3M | $1.3M | +2.4% |
| 4 Bedrooms | $1.8M | $2.4M | +28.0% |
| 5+ Bedrooms | $2.3M | $2.3M | +1.9% |
Summary: 11216 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 1.9%.
Housing Supply in 11216, NY
How many homes are available in 11216, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 102 | +6.3% |
Summary: The 11216 real estate market had 102 homes for sale in October 2024, a 6.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 16 | -23.8% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 42 | 49 | +16.7% |
Summary: The 11216 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11216, 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 11216 in October 2024, the same as the previous 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 11216, NY
How long does it take to sell a home in 11216, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 117 Days | 72 Days | -38.5% |
Summary: Homes in 11216 had an average of 72 days on market in Oct 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11216 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 10 homes were sold in 11216; 10% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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