$3,400,000
2,709 SqFt
4 Beds
•4 Full Baths
#RPLU-33423291673, Philip Hale, 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 November 2023
At the same time last year, 11231 was a Buyer's Market.
Key Takeaway
11231 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 11231, NY
How much do homes in 11231, NY cost?
Median Sold Price
$2,162,500
$1,220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$130,000(+6.4%)
Key Takeaway
Homes in 11231 have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in 11231 was $2,162,500 in November 2024, up 6.4% from last year, and the median price per square foot was $1,220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $770K | $855K | +11.0% |
| 2 Bedrooms | $1.3M | $1.5M | +10.4% |
| 3 Bedrooms | $2.3M | $2.4M | +7.6% |
| 4 Bedrooms | $2.8M | $3.4M | +21.0% |
| 5+ Bedrooms | $3.6M | $3.8M | +6.0% |
Summary: 11231 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 21%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 78 | -25.0% |
Summary: The 11231 real estate market had 78 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 10 | -23.1% |
| 2 Bedrooms | 23 | 13 | -43.5% |
| 3 Bedrooms | 25 | 18 | -28.0% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The 11231 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 43.5%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
11 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11231, expect to pay close to the asking price. 91.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in 11231 in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 92% were sold at asking, and 0% were sold over asking.
Days on Market for 11231, NY
We’re sorry, we don't have information for this market at the moment
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