Is 11363, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11363 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11363 was a Neutral Market.

Key Takeaway

11363 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11363, NY

How much do homes in 11363, NY cost?

Median Sold Price

$982,000

$541/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,000(+2.3%)

Key Takeaway

Homes in 11363 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 11363 was $982,000 in October 2024, up 2.3% from last year, and the median price per square foot was $541.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $250K$260K
+4.0%
2 $435K$430K
-1.1%
3 $915K$965K
+5.5%
4 $1.2M$1.2M
+1.2%
5+ $1.4M$2.8M
+104.3%

Summary: 11363 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 104.3%.

Median Sold Price Compared To Nearby Zip Codes

11363
+2.3%
11362
0.0%
11021
-2.0%

Housing Supply in 11363, NY

How many homes are available in 11363, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3835-7.9%

Summary: The 11363 real estate market had 35 homes for sale in October 2024, a 7.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 77
0.0%
2 41
-75.0%
3 77
0.0%
4 1312
-7.7%
5+ 78
+14.3%

Summary: The 11363 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 decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11363, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 11363 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 11363, NY

How long does it take to sell a home in 11363, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days65 Days+95.5%

Summary: Homes in 11363 had an average of 65 days on market in Oct 2024, up by 95.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11363 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 11363; 0% of homes were sold within 30 days, 67% 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 11363, NY

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