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 4 Days Ago

Newest Listings in 11366, NY

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