$10,000 Closing Credit*
$1,850,000
5 Beds
•2 Full Baths, 1 Partial
#RPLU-33423252491, Wassim Fakhereddine, Listing Office: Corcoran Group
Is 11221, 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, 11221 was a Neutral Market.
Key Takeaway
11221 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11221, NY
How much do homes in 11221, NY cost?
Median Sold Price
$999,000
$793/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$101,000(-9.2%)
Key Takeaway
Homes in 11221 have sold for 9.2% less than they did a year ago.
Summary: The median home sold price in 11221 was $999,000 in October 2024, down 9.2% from last year, and the median price per square foot was $793.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $551K | $625K | +13.4% |
| 2 Bedrooms | $879.5K | $916K | +4.2% |
| 3 Bedrooms | $1.3M | $1.2M | -9.1% |
| 4 Bedrooms | $1.2M | $1.9M | +59.3% |
| 5+ Bedrooms | $1.5M | $1.4M | -4.6% |
Summary: 11221 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 59.3%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Zip Codes
| 11216 | $1.3M | $1.2M | -8.7% |
| 11221 | $1.1M | $999K | -9.2% |
Housing Supply in 11221, NY
How many homes are available in 11221, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 134 | 139 | +3.7% |
Summary: The 11221 real estate market had 139 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 23 | -8.0% |
| 2 Bedrooms | 19 | 20 | +5.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 75 | 76 | +1.3% |
Summary: The 11221 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 1.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11221, expect to pay close to the asking price. 69.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in 11221 in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 69% were sold at asking, and 0% were sold over asking.
Days on Market for 11221, NY
How long does it take to sell a home in 11221, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 76 Days | 52 Days | -31.6% |
Summary: Homes in 11221 had an average of 52 days on market in Oct 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11221 has remained consistent over time.
Summary: During October 2024, 13 homes were sold in 11221; 8% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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