Is 11370, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11370 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11370 was a Neutral Market.

Key Takeaway

11370 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11370, NY

How much do homes in 11370, NY cost?

Median Sold Price

$930,000

$553/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,000(+3.3%)

Key Takeaway

Homes in 11370 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 11370 was $930,000 in November 2024, up 3.3% from last year, and the median price per square foot was $553.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $400K$380K
-5.0%
2 $522.5K$522.5K
0.0%
3 $878K$930K
+5.9%
4 $1.0M$993.6K
-7.1%
5+ $1.2M$1.4M
+14.9%

Summary: 11370 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Zip Codes

11369
+16.1%
11377
+9.8%
11372
+7.5%
11370
+3.3%

Housing Supply in 11370, NY

How many homes are available in 11370, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6968-1.4%

Summary: The 11370 real estate market had 68 homes for sale in November 2024, a 1.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1515
0.0%
2 98
-11.1%
3 1313
0.0%
4 1110
-9.1%
5+ 2122
+4.8%

Summary: The 11370 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11370, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 11370 in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for 11370, NY

How long does it take to sell a home in 11370, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
74 Days63 Days-14.5%

Summary: Homes in 11370 had an average of 63 days on market in Nov 2024, down by 14.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 11370 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 11370; 33% of homes were sold within 30 days, 67% 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 21 Days Ago

Newest Listings in 11370, NY

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