$5,926 Closing Credit*
$499,000
1,332 SqFt
4 Beds
•2 Full Baths
#487541, Listing Office: Doreen Greenwood Inc.
Is 11229, 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, 11229 was a Neutral Market.
Key Takeaway
11229 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11229, NY
How much do homes in 11229, NY cost?
Median Sold Price
$580,000
$464/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,000(-11.5%)
Key Takeaway
Homes in 11229 have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in 11229 was $580,000 in October 2024, down 11.5% from last year, and the median price per square foot was $464.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $210K | -8.7% |
| 2 Bedrooms | $375K | $377K | 0.5% |
| 3 Bedrooms | $794K | $825K | +3.9% |
| 4 Bedrooms | $910K | $880K | -3.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.1% |
Summary: 11229 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in 11229, NY
How many homes are available in 11229, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 233 | 218 | -6.4% |
Summary: The 11229 real estate market had 218 homes for sale in October 2024, a 6.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 39 | 34 | -12.8% |
| 2 Bedrooms | 63 | 58 | -7.9% |
| 3 Bedrooms | 87 | 81 | -6.9% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The 11229 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.8%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 26 | +100.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11229, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in 11229 in October 2024, up by 100.0% month-over-month. Of the 26 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for 11229, NY
How long does it take to sell a home in 11229, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 79 Days | 126 Days | +59.3% |
Summary: Homes in 11229 had an average of 126 days on market in Oct 2024, up by 59.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 11229 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 26 homes were sold in 11229; 23% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.
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