$10,000 Closing Credit*
$1,390,000
1,152 SqFt
4 Beds
•2 Full Baths, 1 Partial
#488184, Listing Office: ProBase Real Estate
Is 11228, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 11228 was a Seller's Market.
Key Takeaway
11228 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11228, NY
How much do homes in 11228, NY cost?
Median Sold Price
$1,200,000
$669/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in 11228 has remained the same since last year.
Summary: The median home sold price in 11228 was $1,200,000 in November 2024, the same as last year, and the median price per square foot was $669.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $300K | +11.1% |
| 2 Bedrooms | $730K | $701K | -4.0% |
| 3 Bedrooms | $1.0M | $1.1M | +14.4% |
| 4 Bedrooms | $1.2M | $1.1M | -13.0% |
| 5+ Bedrooms | $1.5M | $1.5M | -2.5% |
Summary: 11228 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Zip Codes
| 11209 | $695K | $706.6K | +1.7% |
| 11228 | $1.2M | $1.2M | 0.0% |
Housing Supply in 11228, NY
How many homes are available in 11228, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 95 | -18.8% |
Summary: The 11228 real estate market had 95 homes for sale in November 2024, a 18.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 28 | 24 | -14.3% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 52 | 43 | -17.3% |
Summary: The 11228 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 17.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
9 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 11228, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 11228 in November 2024, down by 31.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for 11228, NY
How long does it take to sell a home in 11228, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 102 Days | 66 Days | -34.6% |
Summary: Homes in 11228 had an average of 66 days on market in Nov 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11228 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in 11228; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. 
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.