Is 11510, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11510 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11510 was a Buyer's Market.

Key Takeaway

11510 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 11510, NY

How much do homes in 11510, NY cost?

Median Sold Price

$648,833

$384/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,333(+8.0%)

Key Takeaway

Homes in 11510 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 11510 was $648,833 in November 2024, up 8% from last year, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $278.5K$260K
-6.6%
2 $395K$490K
+24.1%
3 $585K$630K
+7.7%
4 $620K$685K
+10.5%
5+ $675K$742.5K
+10.0%

Summary: 11510 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Zip Codes

11572
+10.1%
11520
+9.8%
11510
+8.0%
11575
+6.6%
11570
+2.8%

Housing Supply in 11510, NY

How many homes are available in 11510, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128127-0.8%

Summary: The 11510 real estate market had 127 homes for sale in November 2024, a 0.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1113
+18.2%
3 4946
-6.1%
4 5049
-2.0%
5+ 1618
+12.5%

Summary: The 11510 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11510, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 11510 in November 2024, down by 13.6% month-over-month. Of the 19 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.

Days on Market for 11510, NY

How long does it take to sell a home in 11510, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days44 Days-25.2%

Summary: Homes in 11510 had an average of 44 days on market in Nov 2024, down by 25.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11510 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in 11510; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% 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 11510, NY

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