Is 11356, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11356 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11356 was a Seller's Market.

Key Takeaway

11356 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11356, NY

How much do homes in 11356, NY cost?

Median Sold Price

$910,000

$542/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$40,000(+4.6%)

Key Takeaway

Homes in 11356 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 11356 was $910,000 in October 2024, up 4.6% from last year, and the median price per square foot was $542.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $755K$759.5K
+0.6%
2 $656K$640K
-2.4%
3 $755K$830K
+9.9%
4 $890K$900K
+1.1%
5+ $1.1M$1.1M
+2.8%

Summary: 11356 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

11356
+4.6%
11354
+3.3%
10473
+0.9%
11357
-5.3%

Housing Supply in 11356, NY

How many homes are available in 11356, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
102120+17.6%

Summary: The 11356 real estate market had 120 homes for sale in October 2024, a 17.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 45
+25.0%
2 1312
-7.7%
3 1922
+15.8%
4 2226
+18.2%
5+ 4455
+25.0%

Summary: The 11356 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11356, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 11356 in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.

Days on Market for 11356, NY

How long does it take to sell a home in 11356, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
82 Days46 Days-44.3%

Summary: Homes in 11356 had an average of 46 days on market in Oct 2024, down by 44.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11356 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 11356; 50% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 8% 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 14 Days Ago

Newest Listings in 11356, NY

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