$3,995,000
3,600 SqFt
5 Beds
•4 Full Baths
#RPLU-33423256431, Heather McMaster, Listing Office: Corcoran Group
Is 11231, 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, 11231 was a Buyer's Market.
Key Takeaway
11231 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 11231, NY
How much do homes in 11231, NY cost?
Median Sold Price
$2,150,000
$1,220/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100,000(+4.9%)
Key Takeaway
Homes in 11231 have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in 11231 was $2,150,000 in October 2024, up 4.9% from last year, and the median price per square foot was $1,220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $760K | $805K | +5.9% |
| 2 Bedrooms | $1.4M | $1.5M | +10.0% |
| 3 Bedrooms | $2.3M | $2.4M | +5.3% |
| 4 Bedrooms | $3.1M | $3.4M | +12.3% |
| 5+ Bedrooms | $3.6M | $3.8M | +6.0% |
Summary: 11231 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 6%.
Housing Supply in 11231, NY
How many homes are available in 11231, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 98 | +4.3% |
Summary: The 11231 real estate market had 98 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 12 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 22 | 24 | +9.1% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The 11231 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11231, expect to pay close to the asking price. 82.4% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in 11231 in October 2024, up by 54.5% month-over-month. Of the 17 sold homes, 6% were sold under asking, 82% were sold at asking, and 12% were sold over asking.
Days on Market for 11231, NY
How long does it take to sell a home in 11231, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 192 Days | 13 Days | -93.2% |
Summary: Homes in 11231 had an average of 13 days on market in Oct 2024, down by 93.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11231 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 17 homes were sold in 11231; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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