Is 11375, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11375 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11375 was a Neutral Market.

Key Takeaway

11375 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11375, NY

How much do homes in 11375, NY cost?

Median Sold Price

$429,799

$458/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$17,200(-3.8%)

Key Takeaway

Homes in 11375 have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in 11375 was $429,799 in October 2024, down 3.8% from last year, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $320K$315K
-1.6%
2 $462.5K$490K
+5.9%
3 $962.5K$1.0M
+10.1%
4 $1.4M$1.4M
-1.2%
5+ $2.0M$1.9M
-2.5%

Summary: 11375 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

11367
+15.0%
11374
+9.2%
11375
-3.8%
11415
-16.4%

Housing Supply in 11375, NY

How many homes are available in 11375, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
435461+6.0%

Summary: The 11375 real estate market had 461 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 194207
+6.7%
2 163164
+0.6%
3 4349
+14.0%
4 2124
+14.3%
5+ 1417
+21.4%

Summary: The 11375 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2938+31.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11375, you may be able to get a good deal. 71.1% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 11375 in October 2024, up by 31.0% month-over-month. Of the 38 sold homes, 71% were sold under asking, 18% were sold at asking, and 11% were sold over asking.

Days on Market for 11375, NY

How long does it take to sell a home in 11375, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
126 Days85 Days-32.5%

Summary: Homes in 11375 had an average of 85 days on market in Oct 2024, down by 32.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11375 has remained consistent over time.

Summary: During October 2024, 38 homes were sold in 11375; 26% of homes were sold within 30 days, 37% 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 11375, NY

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