Is 11364, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11364 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11364 was a Seller's Market.

Key Takeaway

11364 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11364, NY

How much do homes in 11364, NY cost?

Median Sold Price

$390,000

$612/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,333(+7.8%)

Key Takeaway

Homes in 11364 have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in 11364 was $390,000 in October 2024, up 7.8% from last year, and the median price per square foot was $612.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $239.5K$260K
+8.6%
2 $325.9K$338K
+3.7%
3 $888K$977.5K
+10.1%
4 $1.0M$1.0M
-0.2%
5+ $1.3M$1.4M
+4.6%

Summary: 11364 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Zip Codes

11364
+7.8%
11361
+4.8%
11366
+1.8%
11362
0.0%
11427
-16.2%

Housing Supply in 11364, NY

How many homes are available in 11364, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
200198-1.0%

Summary: The 11364 real estate market had 198 homes for sale in October 2024, a 1.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4849
+2.1%
2 7079
+12.9%
3 4638
-17.4%
4 1415
+7.1%
5+ 2217
-22.7%

Summary: The 11364 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 12.9%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 22.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3925-35.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11364, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 11364 in October 2024, down by 35.9% month-over-month. Of the 25 sold homes, 68% were sold under asking, 8% were sold at asking, and 24% were sold over asking.

Days on Market for 11364, NY

How long does it take to sell a home in 11364, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
67 Days57 Days-14.0%

Summary: Homes in 11364 had an average of 57 days on market in Oct 2024, down by 14% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

13 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 11364 has remained consistent over time.

Summary: During October 2024, 25 homes were sold in 11364; 28% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

Newest Listings in 11364, NY

Nearby Markets to 11364, NY