Listing Office: Joseph W Johns
Is 11216, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 11216 has remained a Buyer's 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
$1,775,000
$859/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$491,000(+38.2%)
Key Takeaway
Homes in 11216 have sold for 38.2% more than they did a month ago.
Summary: The median home sold price in 11216 was $1,775,000 in November 2024, up 38.2% from last month, and the median price per square foot was $859.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $735.1K | $799K | +8.7% |
| 2 Bedrooms | $1.1M | $1.0M | -6.5% |
| 3 Bedrooms | $969K | - | N/A |
| 4 Bedrooms | - | $2.0M | N/A |
| 5+ Bedrooms | $1.6M | $2.2M | +31.0% |
Summary: 11216 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 31%.
Median Sold Price Compared To Nearby Zip Codes
| 11221 | $870K | $1.6M | +89.7% |
| 11216 | $1.2M | $1.7M | +38.2% |
Housing Supply in 11216, NY
How many homes are available in 11216, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 75 | -21.1% |
Summary: The 11216 real estate market had 75 homes for sale in November 2024, a 21.1% 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 | 20 | 14 | -30.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 46 | 36 | -21.7% |
Summary: The 11216 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 30%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 21.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
0 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. 100% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in 11216 in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 11216, NY
We’re sorry, we don't have information for this market at the moment
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