Is 11355, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11355 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11355 has remained a Buyer's Market.

Key Takeaway

11355 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11355, NY

How much do homes in 11355, NY cost?

Median Sold Price

$630,000

$707/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$41,666(+7.1%)

Key Takeaway

Homes in 11355 have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in 11355 was $630,000 in October 2024, up 7.1% from last year, and the median price per square foot was $707.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $360K$386K
+7.2%
2 $579K$639.9K
+10.5%
3 $990K$960K
-3.0%
4 $1.0M$1.1M
+4.3%
5+ $1.5M$1.4M
-2.3%

Summary: 11355 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

11367
+15.0%
11355
+7.1%
11354
+3.3%
11358
0.5%

Housing Supply in 11355, NY

How many homes are available in 11355, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
293327+11.6%

Summary: The 11355 real estate market had 327 homes for sale in October 2024, a 11.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 7990
+13.9%
2 124136
+9.7%
3 3438
+11.8%
4 1315
+15.4%
5+ 4348
+11.6%

Summary: The 11355 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.9%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 11.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1915-21.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11355, you may be able to get a good deal. 93.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 11355 in October 2024, down by 21.1% month-over-month. Of the 15 sold homes, 93% were sold under asking, 0% were sold at asking, and 7% were sold over asking.

Days on Market for 11355, NY

How long does it take to sell a home in 11355, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days94 Days+29.4%

Summary: Homes in 11355 had an average of 94 days on market in Oct 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11355 has remained consistent over time.

Summary: During October 2024, 15 homes were sold in 11355; 13% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in 11355, NY

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