Is 11429, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11429 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 11429 has remained a Buyer's Market.

Key Takeaway

11429 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11429, NY

How much do homes in 11429, NY cost?

Median Sold Price

$722,500

$514/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$12,500(+1.8%)

Key Takeaway

Homes in 11429 have sold for 1.8% more than they did a month ago.

Summary: The median home sold price in 11429 was $722,500 in November 2024, up 1.8% from last month, and the median price per square foot was $514.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $165K-
N/A
2 $580K$515K
-11.2%
3 $710K$697.5K
-1.8%
4 $859K$805K
-6.3%
5+ $880K$935K
+6.3%

Summary: 11429 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 6.3%.

Housing Supply in 11429, NY

How many homes are available in 11429, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123118-4.1%

Summary: The 11429 real estate market had 118 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 109
-10.0%
3 5546
-16.4%
4 3641
+13.9%
5+ 1920
+5.3%

Summary: The 11429 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 16.4%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

5 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 11429, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 11429 in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.

Days on Market for 11429, NY

How long does it take to sell a home in 11429, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
45 Days41 Days-7.7%

Summary: Homes in 11429 had an average of 41 days on market in Nov 2024, down by 7.7% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11429 has remained consistent over time.

Summary: During November 2024, 12 homes were sold in 11429; 42% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 8% 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 11429, NY

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