$8,289 Closing Credit*
$698,000
1,476 SqFt
2 Beds
•2 Full Baths
#488170, Listing Office: Momentum Real Estate LLC
Is 11234, 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, 11234 has remained a Buyer's Market.
Key Takeaway
11234 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11234, NY
How much do homes in 11234, NY cost?
Median Sold Price
$760,000
$495/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,264(+4.0%)
Key Takeaway
Homes in 11234 have sold for 4% more than they did a year ago.
Summary: The median home sold price in 11234 was $760,000 in November 2024, up 4% from last year, and the median price per square foot was $495.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $200K | 0.0% |
| 2 Bedrooms | $550K | $577.5K | +5.0% |
| 3 Bedrooms | $710K | $759K | +6.9% |
| 4 Bedrooms | $850K | $885K | +4.1% |
| 5+ Bedrooms | $1.1M | $1.1M | +2.0% |
Summary: 11234 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 2%.
Housing Supply in 11234, NY
How many homes are available in 11234, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 253 | 238 | -5.9% |
Summary: The 11234 real estate market had 238 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 20 | +5.3% |
| 2 Bedrooms | 43 | 37 | -14.0% |
| 3 Bedrooms | 94 | 86 | -8.5% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 64 | 65 | +1.6% |
Summary: The 11234 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 1.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 28 | -39.1% |
Asking Price vs. Sold Price
18 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 11234, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 11234 in November 2024, down by 39.1% month-over-month. Of the 28 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 11234, NY
How long does it take to sell a home in 11234, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 154 Days | 83 Days | -45.8% |
Summary: Homes in 11234 had an average of 83 days on market in Nov 2024, down by 45.8% compared to last year.
Breakdown of Home Sale Times
7 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 11234 has remained consistent over time.
Summary: During November 2024, 28 homes were sold in 11234; 25% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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