$4,144 Closing Credit*
$349,000
750 SqFt
1 Bed
•1 Full Bath
#487550, Listing Office: J. Sikar Realty
Is 11224, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 11224 has remained a Buyer's Market.
Key Takeaway
11224 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11224, NY
How much do homes in 11224, NY cost?
Median Sold Price
$467,500
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$17,500(-3.6%)
Key Takeaway
Homes in 11224 have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in 11224 was $467,500 in October 2024, down 3.6% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312.5K | $327.5K | +4.8% |
| 2 Bedrooms | $435K | $450K | +3.4% |
| 3 Bedrooms | $643.5K | $600K | -6.8% |
| 4 Bedrooms | $689.9K | $655K | -5.1% |
| 5+ Bedrooms | $755K | $1.0M | +34.4% |
Summary: 11224 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 34.4%.
Housing Supply in 11224, NY
How many homes are available in 11224, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 95 | -1.0% |
Summary: The 11224 real estate market had 95 homes for sale in October 2024, a 1.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 16 | -27.3% |
| 2 Bedrooms | 25 | 23 | -8.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The 11224 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11224, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 11224 in October 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 11224, NY
How long does it take to sell a home in 11224, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 88 Days | -9.1% |
Summary: Homes in 11224 had an average of 88 days on market in Oct 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11224 has remained consistent over time.
Summary: During October 2024, 6 homes were sold in 11224; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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