Is 11366, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11366 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11366 has remained a Seller's Market.

Key Takeaway

11366 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11366, NY

How much do homes in 11366, NY cost?

Median Sold Price

$998,000

$667/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+1.8%)

Key Takeaway

Homes in 11366 have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in 11366 was $998,000 in October 2024, up 1.8% from last year, and the median price per square foot was $667.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $385K$226K
-41.3%
2 $670K$667K
-0.4%
3 $915K$969.9K
+6.0%
4 $1.0M$1.0M
-2.0%
5+ $1.4M$1.4M
0.0%

Summary: 11366 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.3%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

11423
+8.0%
11364
+7.8%
11432
+6.3%
11366
+1.8%

Housing Supply in 11366, NY

How many homes are available in 11366, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9297+5.4%

Summary: The 11366 real estate market had 97 homes for sale in October 2024, a 5.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 56
+20.0%
3 4650
+8.7%
4 2322
-4.3%
5+ 1415
+7.1%

Summary: The 11366 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 20%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
717+142.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11366, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 11366 in October 2024, up by 142.9% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.

Days on Market for 11366, NY

How long does it take to sell a home in 11366, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days60 Days-15.5%

Summary: Homes in 11366 had an average of 60 days on market in Oct 2024, down by 15.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11366 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 11366; 59% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 29% 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 11366, NY

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