$7,113 Closing Credit*
$599,000
1,665 SqFt
4 Beds
•2 Full Baths
Listing Office: Howard Hanna Coach
Is 11501, 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, 11501 has remained a Seller's Market.
Key Takeaway
11501 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 11501, NY
How much do homes in 11501, NY cost?
Median Sold Price
$689,145
$471/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,145(+6.0%)
Key Takeaway
Homes in 11501 have sold for 6% more than they did a year ago.
Summary: The median home sold price in 11501 was $689,145 in November 2024, up 6% from last year, and the median price per square foot was $471.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.5K | $300K | +4.0% |
| 2 Bedrooms | $422K | $435K | +3.1% |
| 3 Bedrooms | $660K | $772.5K | +17.0% |
| 4 Bedrooms | $735K | $755K | +2.7% |
| 5+ Bedrooms | $759K | $1.1M | +52.2% |
Summary: 11501 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 52.2%.
Housing Supply in 11501, NY
How many homes are available in 11501, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 58 | +3.6% |
Summary: The 11501 real estate market had 58 homes for sale in November 2024, a 3.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 24 | 22 | -8.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 11501 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11501, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 11501 in November 2024, up by 62.5% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.
Days on Market for 11501, NY
How long does it take to sell a home in 11501, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -30.3% |
Summary: Homes in 11501 had an average of 32 days on market in Nov 2024, down by 30.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 11501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 11501; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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.