Is 11421, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11421 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11421 has remained a Buyer's Market.

Key Takeaway

11421 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11421, NY

How much do homes in 11421, NY cost?

Median Sold Price

$725,000

$444/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,000(+6.3%)

Key Takeaway

Homes in 11421 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 11421 was $725,000 in October 2024, up 6.3% from last year, and the median price per square foot was $444.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$194K
+14.1%
2 $252.5K$250K
-1.0%
3 $619K$620K
0.2%
4 $705K$777K
+10.2%
5+ $915K$938K
+2.5%

Summary: 11421 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

11421
+6.3%
11385
+3.3%
11418
-3.1%
11375
-3.8%

Housing Supply in 11421, NY

How many homes are available in 11421, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
123133+8.1%

Summary: The 11421 real estate market had 133 homes for sale in October 2024, a 8.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 1319
+46.2%
3 3635
-2.8%
4 2223
+4.5%
5+ 4448
+9.1%

Summary: The 11421 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 increased by 46.2%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
714+100.0%

Asking Price vs. Sold Price

7 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 11421, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 11421 in October 2024, up by 100.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.

Days on Market for 11421, NY

How long does it take to sell a home in 11421, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
84 Days123 Days+45.4%

Summary: Homes in 11421 had an average of 123 days on market in Oct 2024, up by 45.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11421 has remained consistent over time.

Summary: During October 2024, 14 homes were sold in 11421; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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 20 Days Ago

Newest Listings in 11421, NY

Nearby Markets to 11421, NY