Is 11501, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11501 is a neutral'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

# BEDSOct 2023Oct 2024CHANGE
1 $300K$309K
+3.0%
2 $406K$430K
+5.9%
3 $675K$742.5K
+10.0%
4 $749K$750.3K
0.2%
5+ $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%.

Median Sold Price Compared To Nearby Zip Codes

11530
+12.6%
11596
+8.8%
11577
+7.2%
11501
+3.3%
11514
+1.9%

Housing Supply in 11501, NY

How many homes are available in 11501, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
55550.0%

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

# BEDSSep 2024Oct 2024CHANGE
1 1110
-9.1%
2 22
0.0%
3 1923
+21.1%
4 1713
-23.5%
5+ 67
+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 2024Oct 2024CHANGE
118-27.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
41 Days47 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

Breakdown of Home Sale Times

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.

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 11501, NY

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