Is 11552, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11552 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 11552 has remained a Neutral Market.

Key Takeaway

11552 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 11552, NY

How much do homes in 11552, NY cost?

Median Sold Price

$700,000

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$72,250(+11.5%)

Key Takeaway

Homes in 11552 have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in 11552 was $700,000 in November 2024, up 11.5% from last year, and the median price per square foot was $415.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$217K
-1.4%
2 $418K$491K
+17.5%
3 $625.2K$667.5K
+6.8%
4 $630K$697K
+10.6%
5+ $700K$775K
+10.7%

Summary: 11552 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

11550
+13.6%
11552
+11.5%
11010
+10.6%
11565
+8.8%
11570
+2.8%

Housing Supply in 11552, NY

How many homes are available in 11552, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9592-3.2%

Summary: The 11552 real estate market had 92 homes for sale in November 2024, a 3.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 3634
-5.6%
4 4339
-9.3%
5+ 1014
+40.0%

Summary: The 11552 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 decreased by 20%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1214+16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11552, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 11552 in November 2024, up by 16.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.

Days on Market for 11552, NY

How long does it take to sell a home in 11552, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
52 Days61 Days+17.0%

Summary: Homes in 11552 had an average of 61 days on market in Nov 2024, up by 17% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11552 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 11552; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% 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 2 Days Ago

Newest Listings in 11552, NY

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