$10,000 Closing Credit*
$998,000
2,205 SqFt
3 Beds
•3 Full Baths, 2 Partial
Listing Office: Century 21 Galvez
Is 11224, 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, 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
$450,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$41,500(-8.4%)
Key Takeaway
Homes in 11224 have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in 11224 was $450,000 in November 2024, down 8.4% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $322.5K | +2.4% |
| 2 Bedrooms | $440K | $450K | +2.3% |
| 3 Bedrooms | $643.5K | $600K | -6.8% |
| 4 Bedrooms | $702.4K | $652.5K | -7.1% |
| 5+ Bedrooms | $725K | $1.3M | +81.0% |
Summary: 11224 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 81%.
Housing Supply in 11224, NY
How many homes are available in 11224, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 69 | -19.8% |
Summary: The 11224 real estate market had 69 homes for sale in November 2024, a 19.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 13 | -31.6% |
| 2 Bedrooms | 23 | 20 | -13.0% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 17 | 14 | -17.6% |
Summary: The 11224 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 31.6%, 2 bedroom homes decreased by 13%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 17.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 11224 in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 163 Days | +180.9% |
Summary: Homes in 11224 had an average of 163 days on market in Nov 2024, up by 180.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11224 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in 11224; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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