Is 11426, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11426 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11426 was a Buyer's Market.

Key Takeaway

11426 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11426, NY

How much do homes in 11426, NY cost?

Median Sold Price

$730,000

$491/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,000(+4.4%)

Key Takeaway

Homes in 11426 have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in 11426 was $730,000 in October 2024, up 4.4% from last year, and the median price per square foot was $491.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $241K$249K
+3.3%
2 $350K$357K
+2.0%
3 $703.5K$750K
+6.6%
4 $765K$833.7K
+9.0%
5+ $1.0M$1.1M
+8.9%

Summary: 11426 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 8.9%.

Median Sold Price Compared To Nearby Zip Codes

11426
+4.4%
11001
+4.1%
11004
0.5%
11427
-16.2%

Housing Supply in 11426, NY

How many homes are available in 11426, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
9095+5.6%

Summary: The 11426 real estate market had 95 homes for sale in October 2024, a 5.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1112
+9.1%
2 1413
-7.1%
3 2935
+20.7%
4 3128
-9.7%
5+ 57
+40.0%

Summary: The 11426 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 20.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

9 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 11426, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 11426 in October 2024, up by 41.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.

Days on Market for 11426, NY

How long does it take to sell a home in 11426, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days64 Days+29.3%

Summary: Homes in 11426 had an average of 64 days on market in Oct 2024, up by 29.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 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 11426 has remained consistent over time.

Summary: During October 2024, 17 homes were sold in 11426; 29% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 29% 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 1 Day Ago

Newest Listings in 11426, NY

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