Is 11422, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11422 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11422 was a Neutral Market.

Key Takeaway

11422 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11422, NY

How much do homes in 11422, NY cost?

Median Sold Price

$679,500

$486/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,500(+3.0%)

Key Takeaway

Homes in 11422 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 11422 was $679,500 in October 2024, up 3% from last year, and the median price per square foot was $486.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$204K
+10.3%
2 $266K$350K
+31.6%
3 $640K$657.5K
+2.7%
4 $662.5K$714.7K
+7.9%
5+ $949.3K$990K
+4.3%

Summary: 11422 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Zip Codes

11580
+7.9%
11411
+5.4%
11422
+3.0%
11581
+1.4%
11413
0.0%

Housing Supply in 11422, NY

How many homes are available in 11422, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9492-2.1%

Summary: The 11422 real estate market had 92 homes for sale in October 2024, a 2.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 55
0.0%
3 2122
+4.8%
4 3027
-10.0%
5+ 3635
-2.8%

Summary: The 11422 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 2.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11422, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in 11422 in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.

Days on Market for 11422, NY

How long does it take to sell a home in 11422, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days43 Days-38.6%

Summary: Homes in 11422 had an average of 43 days on market in Oct 2024, down by 38.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 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 11422 has remained consistent over time.

Summary: During October 2024, 13 homes were sold in 11422; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% 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 11422, NY

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