Is 11367, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11367 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11367 was a Neutral Market.

Key Takeaway

11367 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11367, NY

How much do homes in 11367, NY cost?

Median Sold Price

$462,000

$455/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,333(+15.0%)

Key Takeaway

Homes in 11367 have sold for 15% more than they did a year ago.

Summary: The median home sold price in 11367 was $462,000 in October 2024, up 15% from last year, and the median price per square foot was $455.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$290K
+9.4%
2 $361.5K$383K
+5.9%
3 $838K$899.4K
+7.3%
4 $1.0M$987.5K
-3.2%
5+ $1.4M$1.3M
-10.3%

Summary: 11367 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 10.3%.

Median Sold Price Compared To Nearby Zip Codes

11367
+15.0%
11355
+7.1%
11432
+6.3%
11375
-3.8%

Housing Supply in 11367, NY

How many homes are available in 11367, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
284288+1.4%

Summary: The 11367 real estate market had 288 homes for sale in October 2024, a 1.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 9798
+1.0%
2 9498
+4.3%
3 5450
-7.4%
4 1314
+7.7%
5+ 2628
+7.7%

Summary: The 11367 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3438+11.8%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11367, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 11367 in October 2024, up by 11.8% month-over-month. Of the 38 sold homes, 84% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for 11367, NY

How long does it take to sell a home in 11367, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days99 Days+34.7%

Summary: Homes in 11367 had an average of 99 days on market in Oct 2024, up by 34.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11367 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 38 homes were sold in 11367; 26% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 39% 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 11367, NY

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