Is 11415, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11415 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11415 has remained a Buyer's Market.

Key Takeaway

11415 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11415, NY

How much do homes in 11415, NY cost?

Median Sold Price

$288,250

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$56,750(-16.4%)

Key Takeaway

Homes in 11415 have sold for 16.4% less than they did a year ago.

Summary: The median home sold price in 11415 was $288,250 in October 2024, down 16.4% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $237K$239.5K
+1.1%
2 $389K$325K
-16.5%
3 $745K$815K
+9.4%
4 $1.2M$742K
-40.4%
5+ $1.4M$1.4M
-2.3%

Summary: 11415 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 40.4%, and 5+ bedroom homes decreased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

11418
-3.1%
11375
-3.8%
11415
-16.4%
11435
-24.2%

Housing Supply in 11415, NY

How many homes are available in 11415, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
121112-7.4%

Summary: The 11415 real estate market had 112 homes for sale in October 2024, a 7.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5450
-7.4%
2 4241
-2.4%
3 76
-14.3%
4 54
-20.0%
5+ 1311
-15.4%

Summary: The 11415 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.4%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
178-52.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11415, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 11415 in October 2024, down by 52.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 11415, NY

How long does it take to sell a home in 11415, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
82 Days127 Days+55.0%

Summary: Homes in 11415 had an average of 127 days on market in Oct 2024, up by 55% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11415 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 8 homes were sold in 11415; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 63% 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 11415, NY

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