Is 11545, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11545 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11545 was a Seller's Market.

Key Takeaway

11545 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11545, NY

How much do homes in 11545, NY cost?

Median Sold Price

$1,510,000

$509/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$160,000(+11.9%)

Key Takeaway

Homes in 11545 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 11545 was $1,510,000 in November 2024, up 11.9% from last year, and the median price per square foot was $509.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$1.1M
N/A
2 $585K$799.5K
+36.7%
3 $785K$825K
+5.1%
4 $1.1M$1.2M
+10.2%
5+ $2.5M$2.3M
-6.4%

Summary: 11545 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Zip Codes

11542
+15.2%
11545
+11.9%

Housing Supply in 11545, NY

How many homes are available in 11545, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7877-1.3%

Summary: The 11545 real estate market had 77 homes for sale in November 2024, a 1.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 79
+28.6%
4 1918
-5.3%
5+ 4947
-4.1%

Summary: The 11545 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 4.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
86-25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11545, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 11545 in November 2024, down by 25.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 11545, NY

How long does it take to sell a home in 11545, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days20 Days-65.5%

Summary: Homes in 11545 had an average of 20 days on market in Nov 2024, down by 65.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11545 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in 11545; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 11545, NY

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