$2,799,000
3,300 SqFt
8 Beds
•3 Full Baths
#487192, Listing Office: MadisonEstates Sothebys Realty
Is 11385, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 11385 was a Seller's Market.
Key Takeaway
11385 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 11385, NY
How much do homes in 11385, NY cost?
Median Sold Price
$937,000
$505/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,500(+3.3%)
Key Takeaway
Homes in 11385 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 11385 was $937,000 in October 2024, up 3.3% from last year, and the median price per square foot was $505.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $555.7K | $542.5K | -2.4% |
| 2 Bedrooms | $625K | $676K | +8.2% |
| 3 Bedrooms | $800K | $819K | +2.4% |
| 4 Bedrooms | $900K | $987K | +9.7% |
| 5+ Bedrooms | $1.1M | $1.1M | -0.9% |
Summary: 11385 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 11385, NY
How many homes are available in 11385, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 169 | 182 | +7.7% |
Summary: The 11385 real estate market had 182 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 16 | 20 | +25.0% |
| 3 Bedrooms | 40 | 40 | 0.0% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 85 | 91 | +7.1% |
Summary: The 11385 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11385, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 11385 in October 2024, up by 50.0% month-over-month. Of the 27 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.
Days on Market for 11385, NY
How long does it take to sell a home in 11385, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 75 Days | 83 Days | +10.4% |
Summary: Homes in 11385 had an average of 83 days on market in Oct 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11385 has remained consistent over time.
Summary: During October 2024, 27 homes were sold in 11385; 19% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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