$10,000 Closing Credit*
$1,425,000
2,184 SqFt
3 Full Baths, 1 Partial
#488121, Listing Office: Behfar Team, LLC
Is 11229, 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, 11229 has remained a Buyer's 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
$630,000
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$19,333(-3.0%)
Key Takeaway
Homes in 11229 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 11229 was $630,000 in November 2024, down 3% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235K | $210K | -10.6% |
| 2 Bedrooms | $327.5K | $389.5K | +18.9% |
| 3 Bedrooms | $794K | $844.5K | +6.4% |
| 4 Bedrooms | $910K | $856K | -5.9% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.1% |
Summary: 11229 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 5.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 234 | 213 | -9.0% |
Summary: The 11229 real estate market had 213 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 33 | -8.3% |
| 2 Bedrooms | 60 | 47 | -21.7% |
| 3 Bedrooms | 88 | 80 | -9.1% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 32 | 34 | +6.3% |
Summary: The 11229 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 21.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 27 | -3.6% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11229, you may be able to get a good deal. 85.2% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 11229 in November 2024, down by 3.6% month-over-month. Of the 27 sold homes, 85% were sold under asking, 15% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 98 Days | 92 Days | -5.8% |
Summary: Homes in 11229 had an average of 92 days on market in Nov 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11229 has remained consistent over time.
Summary: During November 2024, 27 homes were sold in 11229; 22% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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