$8,289 Closing Credit*
$698,000
2 Beds
•1 Full Bath
Listing Office: Douglas Elliman Real Estate
Is 11501, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 11501 has remained a Neutral Market.
Key Takeaway
11501 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 11501, NY
How much do homes in 11501, NY cost?
Median Sold Price
$682,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,000(+3.3%)
Key Takeaway
Homes in 11501 have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in 11501 was $682,000 in October 2024, up 3.3% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $309K | +3.0% |
| 2 Bedrooms | $406K | $430K | +5.9% |
| 3 Bedrooms | $675K | $742.5K | +10.0% |
| 4 Bedrooms | $749K | $750.3K | 0.2% |
| 5+ Bedrooms | $759K | $1.0M | +32.3% |
Summary: 11501 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 32.3%.
Housing Supply in 11501, NY
How many homes are available in 11501, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 55 | 0.0% |
Summary: The 11501 real estate market had 55 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 17 | 13 | -23.5% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 11501 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.1%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11501, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 11501 in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 47 Days | +14.7% |
Summary: Homes in 11501 had an average of 47 days on market in Oct 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11501 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 11501; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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.