$3,788 Closing Credit*
$319,000
1,100 SqFt
2 Beds
•1 Full Bath
Listing Office: Charles Rutenberg Realty Inc
Is 11427, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, 11427 has remained a Buyer's Market.
Key Takeaway
11427 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11427, NY
How much do homes in 11427, NY cost?
Median Sold Price
$360,000
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,500(-3.1%)
Key Takeaway
Homes in 11427 have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in 11427 was $360,000 in November 2024, down 3.1% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $262.5K | +31.3% |
| 2 Bedrooms | $262K | $285K | +8.8% |
| 3 Bedrooms | $797.5K | $904.7K | +13.4% |
| 4 Bedrooms | $992.5K | $855K | -13.9% |
| 5+ Bedrooms | $1.2M | $1.3M | +5.2% |
Summary: 11427 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.3%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in 11427, NY
How many homes are available in 11427, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 55 | -11.3% |
Summary: The 11427 real estate market had 55 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 25 | 22 | -12.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The 11427 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11427, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in 11427 in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for 11427, NY
How long does it take to sell a home in 11427, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 128 Days | 56 Days | -56.0% |
Summary: Homes in 11427 had an average of 56 days on market in Nov 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 11427 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in 11427; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.