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 December 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

$685,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$30,000(+4.6%)

Key Takeaway

Homes in 11434 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 11434 was $685,000 in December 2024, up 4.6% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $150K$189K
+26.0%
2 $475K$547K
+15.2%
3 $608K$620K
+2.0%
4 $662.5K$730K
+10.2%
5+ $910K$925K
+1.6%

Summary: 11434 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

11436
+5.0%
11434
+4.6%
11412
+4.5%
11413
+1.9%

Housing Supply in 11434, NY

How many homes are available in 11434, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
194198+2.1%

Summary: The 11434 real estate market had 198 homes for sale in December 2024, a 2.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 66
0.0%
2 2525
0.0%
3 6865
-4.4%
4 3229
-9.4%
5+ 6373
+15.9%

Summary: The 11434 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 15.9%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 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 could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 11434 in December 2024, down by 6.3% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% 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

Dec 2023Dec 2024CHANGE
94 Days41 Days-56.5%

Summary: Homes in 11434 had an average of 41 days on market in Dec 2024, down by 56.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

7 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 11434 has remained consistent over time.

Summary: During December 2024, 15 homes were sold in 11434; 33% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in 11434, NY

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