Is 11554, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11554 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11554 was a Seller's Market.

Key Takeaway

11554 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 11554, NY

How much do homes in 11554, NY cost?

Median Sold Price

$735,000

$456/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$85,000(+13.1%)

Key Takeaway

Homes in 11554 have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in 11554 was $735,000 in October 2024, up 13.1% from last year, and the median price per square foot was $456.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$410K
N/A
2 $541K$579K
+7.0%
3 $650K$713K
+9.7%
4 $689K$756.2K
+9.8%
5+ $782.5K$881.5K
+12.7%

Summary: 11554 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

11554
+13.1%
11793
+11.4%
11756
+10.0%
11553
+9.1%
11590
+8.5%

Housing Supply in 11554, NY

How many homes are available in 11554, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
124125+0.8%

Summary: The 11554 real estate market had 125 homes for sale in October 2024, a 0.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1918
-5.3%
3 3734
-8.1%
4 3437
+8.8%
5+ 3032
+6.7%

Summary: The 11554 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2718-33.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11554, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in 11554 in October 2024, down by 33.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.

Days on Market for 11554, NY

How long does it take to sell a home in 11554, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days34 Days-33.3%

Summary: Homes in 11554 had an average of 34 days on market in Oct 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11554 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 11554; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% 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 11554, NY

Nearby Markets to 11554, NY