Is 11379, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11379 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11379 was a Seller's Market.

Key Takeaway

11379 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11379, NY

How much do homes in 11379, NY cost?

Median Sold Price

$876,000

$528/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$24,000(-2.7%)

Key Takeaway

Homes in 11379 have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in 11379 was $876,000 in October 2024, down 2.7% from last year, and the median price per square foot was $528.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $399.9K$440K
+10.0%
2 $695K$777.5K
+11.9%
3 $854K$854.5K
0.1%
4 $990K$999.9K
+1.0%
5+ $1.3M$1.2M
-0.8%

Summary: 11379 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

11374
+9.2%
11385
+3.3%
11378
+1.5%
11379
-2.7%

Housing Supply in 11379, NY

How many homes are available in 11379, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
95104+9.5%

Summary: The 11379 real estate market had 104 homes for sale in October 2024, a 9.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 56
+20.0%
2 1714
-17.6%
3 3841
+7.9%
4 1116
+45.5%
5+ 2427
+12.5%

Summary: The 11379 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12120.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11379, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 11379 in October 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.

Days on Market for 11379, NY

How long does it take to sell a home in 11379, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days27 Days-56.2%

Summary: Homes in 11379 had an average of 27 days on market in Oct 2024, down by 56.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11379 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 11379; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 11379, NY

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