Is 11233, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11233 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11233 was a Neutral Market.

Key Takeaway

11233 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11233, NY

How much do homes in 11233, NY cost?

Median Sold Price

$1,100,000

$643/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,000(+7.3%)

Key Takeaway

Homes in 11233 have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in 11233 was $1,100,000 in November 2024, up 7.3% from last year, and the median price per square foot was $643.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $515K$570K
+10.7%
2 $792.5K$635K
-19.9%
3 $670K$995K
+48.5%
4 $1.7M$1.4M
-20.2%
5+ $1.2M$1.3M
+10.7%

Summary: 11233 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 19.9%, 3 bedroom homes increased by 48.5%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes increased by 10.7%.

Housing Supply in 11233, NY

How many homes are available in 11233, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
117121+3.4%

Summary: The 11233 real estate market had 121 homes for sale in November 2024, a 3.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1112
+9.1%
2 1413
-7.1%
3 1311
-15.4%
4 1417
+21.4%
5+ 6568
+4.6%

Summary: The 11233 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 4.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
312+300.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11233, expect to pay close to the asking price. 83.3% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in 11233 in November 2024, up by 300.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 83% were sold at asking, and 0% were sold over asking.

Days on Market for 11233, NY

How long does it take to sell a home in 11233, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
5 Days224 Days+4390.0%

Summary: Homes in 11233 had an average of 224 days on market in Nov 2024, up by 4390% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11233 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in 11233; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 11233, NY

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