Is 11217, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11217 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11217 has remained a Buyer's Market.

Key Takeaway

11217 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11217, NY

How much do homes in 11217, NY cost?

Median Sold Price

$1,750,000

$1,332/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50,000(+2.9%)

Key Takeaway

Homes in 11217 have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in 11217 was $1,750,000 in October 2024, up 2.9% from last year, and the median price per square foot was $1,332.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $885K$792.5K
-10.5%
2 $1.4M$1.4M
-2.5%
3 $2.3M$2.3M
-1.0%
4 $3.8M$3.3M
-11.6%
5+ $3.9M$4.3M
+11.2%

Summary: 11217 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Zip Codes

11205
+16.0%
11201
+10.9%
11217
+2.9%
11238
-4.4%

Housing Supply in 11217, NY

How many homes are available in 11217, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
119127+6.7%

Summary: The 11217 real estate market had 127 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2224
+9.1%
2 5150
-2.0%
3 2126
+23.8%
4 1010
0.0%
5+ 1517
+13.3%

Summary: The 11217 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 23.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
916+77.8%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11217, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 16 homes were sold or pending in 11217 in October 2024, up by 77.8% month-over-month. Of the 16 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 11217, NY

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in 11217, NY

Nearby Markets to 11217, NY