Is 11361, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11361 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 11361 was a Seller's Market.

Key Takeaway

11361 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11361, NY

How much do homes in 11361, NY cost?

Median Sold Price

$836,875

$572/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$166,250(+24.8%)

Key Takeaway

Homes in 11361 have sold for 24.8% more than they did a year ago.

Summary: The median home sold price in 11361 was $836,875 in December 2024, up 24.8% from last year, and the median price per square foot was $572.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $262K$295K
+12.6%
2 $342.5K$382.5K
+11.7%
3 $876.5K$900K
+2.7%
4 $1.0M$1.2M
+18.4%
5+ $1.4M$1.4M
+2.2%

Summary: 11361 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.6%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

11361
+24.8%
11360
+17.3%
11364
+11.1%
11363
0.2%
11362
-0.6%

Housing Supply in 11361, NY

How many homes are available in 11361, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
222212-4.5%

Summary: The 11361 real estate market had 212 homes for sale in December 2024, a 4.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 6260
-3.2%
2 5956
-5.1%
3 4539
-13.3%
4 2623
-11.5%
5+ 3034
+13.3%

Summary: The 11361 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
21210.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11361, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in 11361 in December 2024, the same as the previous month. Of the 21 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for 11361, NY

How long does it take to sell a home in 11361, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
111 Days67 Days-39.4%

Summary: Homes in 11361 had an average of 67 days on market in Dec 2024, down by 39.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11361 has remained consistent over time.

Summary: During December 2024, 21 homes were sold in 11361; 29% of homes were sold within 30 days, 33% 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 4 Days Ago

Newest Listings in 11361, NY

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