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 21 Days Ago

Newest Listings in 11554, NY

Nearby Markets to 11554, NY