Is 11365, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11365 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 11365 has remained a Buyer's Market.

Key Takeaway

11365 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11365, NY

How much do homes in 11365, NY cost?

Median Sold Price

$875,000

$719/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$345,000(-28.3%)

Key Takeaway

Homes in 11365 have sold for 28.3% less than they did a month ago.

Summary: The median home sold price in 11365 was $875,000 in October 2024, down 28.3% from last month, and the median price per square foot was $719.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $737.5K$447.5K
-39.3%
3 $1.0M$1.0M
-0.9%
4 $988K$875K
-11.4%
5+ $1.3M$1.3M
-1.5%

Summary: 11365 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.3%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 1.5%.

Housing Supply in 11365, NY

How many homes are available in 11365, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
52520.0%

Summary: The 11365 real estate market had 52 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 67
+16.7%
2 1111
0.0%
3 1416
+14.3%
4 99
0.0%
5+ 129
-25.0%

Summary: The 11365 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11365, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 11365 in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for 11365, NY

How long does it take to sell a home in 11365, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
34 Days40 Days+15.9%

Summary: Homes in 11365 had an average of 40 days on market in Oct 2024, up by 15.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11365 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 11365; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

Newest Listings in 11365, NY

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