$10,000 Closing Credit*
$1,100,000
7 Beds
•3 Full Baths, 2 Partial
#488139, Listing Office: RE/MAX Edge
Is 11218, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 11218 has remained a Buyer's Market.
Key Takeaway
11218 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11218, NY
How much do homes in 11218, NY cost?
Median Sold Price
$848,000
$695/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,500(+2.5%)
Key Takeaway
Homes in 11218 have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in 11218 was $848,000 in November 2024, up 2.5% from last year, and the median price per square foot was $695.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $475K | $432.2K | -9.0% |
| 2 Bedrooms | $748.2K | $852.5K | +13.9% |
| 3 Bedrooms | $1.1M | $1.3M | +18.8% |
| 4 Bedrooms | $1.4M | $1.8M | +22.4% |
| 5+ Bedrooms | $1.8M | $1.8M | -1.5% |
Summary: 11218 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Zip Codes
| 11218 | $827.5K | $848K | +2.5% |
| 11215 | $1.6M | $1.5M | -4.6% |
Housing Supply in 11218, NY
How many homes are available in 11218, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 117 | -12.7% |
Summary: The 11218 real estate market had 117 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 37 | 35 | -5.4% |
| 2 Bedrooms | 44 | 35 | -20.5% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 24 | 21 | -12.5% |
Summary: The 11218 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.4%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
2 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 11218, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in 11218 in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for 11218, NY
How long does it take to sell a home in 11218, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 171 Days | 28 Days | -83.7% |
Summary: Homes in 11218 had an average of 28 days on market in Nov 2024, down by 83.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11218 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in 11218; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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