$3,076 Closing Credit*
$259,000
1 Bed
•1 Full Bath
Listing Office: BERKSHIRE HATHAWAY
Is 11516, 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, 11516 has remained a Buyer's Market.
Key Takeaway
11516 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11516, NY
How much do homes in 11516, NY cost?
Median Sold Price
$985,500
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+2.2%)
Key Takeaway
Homes in 11516 have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in 11516 was $985,500 in November 2024, up 2.2% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $230K | -27.6% |
| 2 Bedrooms | $308.5K | $379.5K | +23.0% |
| 3 Bedrooms | $760.5K | $896.5K | +17.9% |
| 4 Bedrooms | $935K | $1.3M | +41.2% |
| 5+ Bedrooms | $1.2M | $1.2M | -3.0% |
Summary: 11516 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes decreased by 3%.
Housing Supply in 11516, NY
How many homes are available in 11516, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The 11516 real estate market had 37 homes for sale in November 2024, a 19.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The 11516 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 11516, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 11516 in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 11516, NY
How long does it take to sell a home in 11516, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 48 Days | 107 Days | +124.2% |
Summary: Homes in 11516 had an average of 107 days on market in Nov 2024, up by 124.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 11516 has remained consistent over time.
Summary: During November 2024, 5 homes were sold in 11516; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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. 
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.