Is 11235, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11235 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 11235 has remained a Buyer's Market.

Key Takeaway

11235 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11235, NY

How much do homes in 11235, NY cost?

Median Sold Price

$550,000

$481/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$128,333(+30.4%)

Key Takeaway

Homes in 11235 have sold for 30.4% more than they did a year ago.

Summary: The median home sold price in 11235 was $550,000 in November 2024, up 30.4% from last year, and the median price per square foot was $481.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $290K$318.5K
+9.8%
2 $376K$435K
+15.7%
3 $810K$800K
-1.2%
4 $995K$970K
-2.5%
5+ $1.1M$1.2M
+6.2%

Summary: 11235 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 6.2%.

Median Sold Price Compared To Nearby Zip Codes

11235
+30.4%
11234
+4.0%
11229
-3.0%
11224
-8.4%

Housing Supply in 11235, NY

How many homes are available in 11235, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
316314-0.6%

Summary: The 11235 real estate market had 314 homes for sale in November 2024, a 0.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 8985
-4.5%
2 9697
+1.0%
3 6664
-3.0%
4 1918
-5.3%
5+ 4650
+8.7%

Summary: The 11235 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 1%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2519-24.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11235, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 11235 in November 2024, down by 24.0% month-over-month. Of the 19 sold homes, 84% were sold under asking, 11% were sold at asking, and 5% were sold over asking.

Days on Market for 11235, NY

How long does it take to sell a home in 11235, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
99 Days128 Days+29.9%

Summary: Homes in 11235 had an average of 128 days on market in Nov 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11235 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 19 homes were sold in 11235; 16% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 53% 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 11235, NY

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