Is 11358, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11358 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11358 was a Neutral Market.

Key Takeaway

11358 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11358, NY

How much do homes in 11358, NY cost?

Median Sold Price

$995,000

$627/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+0.5%)

Key Takeaway

Homes in 11358 have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in 11358 was $995,000 in October 2024, up 0.5% from last year, and the median price per square foot was $627.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $295K$275K
-6.8%
2 $571K$484.7K
-15.1%
3 $950K$980K
+3.2%
4 $1.1M$1.0M
-11.0%
5+ $1.3M$1.5M
+13.0%

Summary: 11358 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.8%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Zip Codes

11355
+7.1%
11361
+4.8%
11360
+4.5%
11358
0.5%

Housing Supply in 11358, NY

How many homes are available in 11358, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
165178+7.9%

Summary: The 11358 real estate market had 178 homes for sale in October 2024, a 7.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2424
0.0%
2 2831
+10.7%
3 3640
+11.1%
4 3539
+11.4%
5+ 4244
+4.8%

Summary: The 11358 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1914-26.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11358, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 11358 in October 2024, down by 26.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 0% were sold at asking, and 21% were sold over asking.

Days on Market for 11358, NY

How long does it take to sell a home in 11358, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
78 Days54 Days-30.1%

Summary: Homes in 11358 had an average of 54 days on market in Oct 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11358 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 11358; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% 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 4 Days Ago

Newest Listings in 11358, NY

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