Is 11413, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11413 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11413 has remained a Buyer's Market.

Key Takeaway

11413 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11413, NY

How much do homes in 11413, NY cost?

Median Sold Price

$690,000

$460/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 11413 has remained the same since last year.

Summary: The median home sold price in 11413 was $690,000 in October 2024, the same as last year, and the median price per square foot was $460.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $160K$307.5K
+92.2%
2 $550K$599.8K
+9.1%
3 $635.8K$650K
+2.2%
4 $705K$700K
-0.7%
5+ $920K$895K
-2.7%

Summary: 11413 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 92.2%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

11411
+5.4%
11412
+5.4%
11422
+3.0%
11434
+2.3%
11413
0.0%

Housing Supply in 11413, NY

How many homes are available in 11413, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
161181+12.4%

Summary: The 11413 real estate market had 181 homes for sale in October 2024, a 12.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 99
0.0%
3 6571
+9.2%
4 3136
+16.1%
5+ 5665
+16.1%

Summary: The 11413 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 16.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11413, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in 11413 in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.

Days on Market for 11413, NY

How long does it take to sell a home in 11413, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
74 Days56 Days-23.9%

Summary: Homes in 11413 had an average of 56 days on market in Oct 2024, down by 23.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11413 has remained consistent over time.

Summary: During October 2024, 10 homes were sold in 11413; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% 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 11413, NY

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