Is 11249, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11249 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11249 was a Seller's Market.

Key Takeaway

11249 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11249, NY

How much do homes in 11249, NY cost?

Median Sold Price

$1,600,000

$1,528/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+4.6%)

Key Takeaway

Homes in 11249 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 11249 was $1,600,000 in October 2024, up 4.6% from last year, and the median price per square foot was $1,528.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $1.0M$1.0M
+4.3%
2 $1.5M$1.7M
+10.4%
3 $2.1M$2.4M
+14.1%
4 $3.1M$2.9M
-7.3%
5+ $4.2M$2.5M
-41.2%

Summary: 11249 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes decreased by 41.2%.

Median Sold Price Compared To Nearby Zip Codes

11205
+16.0%
11249
+4.6%
11211
+3.6%
10002
-10.3%

Housing Supply in 11249, NY

How many homes are available in 11249, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7069-1.4%

Summary: The 11249 real estate market had 69 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1815
-16.7%
2 3331
-6.1%
3 1315
+15.4%
4 44
0.0%
5+ 24
+100.0%

Summary: The 11249 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11249, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in 11249 in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.

Days on Market for 11249, NY

We’re sorry, we don't have information for this market at the moment

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

Report Updated 16 Days Ago

Newest Listings in 11249, NY

Nearby Markets to 11249, NY