Is 11434, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11434 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11434 has remained a Buyer's Market.

Key Takeaway

11434 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11434, NY

How much do homes in 11434, NY cost?

Median Sold Price

$690,500

$450/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,500(+2.3%)

Key Takeaway

Homes in 11434 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 11434 was $690,500 in October 2024, up 2.3% from last year, and the median price per square foot was $450.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$189K
+26.0%
2 $480K$528K
+10.0%
3 $615K$590K
-4.1%
4 $690K$710K
+2.9%
5+ $920K$927.5K
+0.8%

Summary: 11434 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 0.8%.

Median Sold Price Compared To Nearby Zip Codes

11436
+7.0%
11412
+5.4%
11434
+2.3%
11413
0.0%

Housing Supply in 11434, NY

How many homes are available in 11434, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
212237+11.8%

Summary: The 11434 real estate market had 237 homes for sale in October 2024, a 11.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 67
+16.7%
2 2628
+7.7%
3 6270
+12.9%
4 3843
+13.2%
5+ 8089
+11.3%

Summary: The 11434 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 11.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1023+130.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11434, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 11434 in October 2024, up by 130.0% month-over-month. Of the 23 sold homes, 57% were sold under asking, 13% were sold at asking, and 30% were sold over asking.

Days on Market for 11434, NY

How long does it take to sell a home in 11434, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
79 Days165 Days+109.3%

Summary: Homes in 11434 had an average of 165 days on market in Oct 2024, up by 109.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11434 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 11434; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 22 Days Ago

Newest Listings in 11434, NY

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