Is 11558, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11558 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11558 was a Seller's Market.

Key Takeaway

11558 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 11558, NY

How much do homes in 11558, NY cost?

Median Sold Price

$672,500

$387/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,500(+7.6%)

Key Takeaway

Homes in 11558 have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in 11558 was $672,500 in October 2024, up 7.6% from last year, and the median price per square foot was $387.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $538K$630K
+17.1%
3 $625K$665K
+6.4%
4 $602.5K$703K
+16.7%
5+ $777.5K$899K
+15.6%

Summary: 11558 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 17.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

11561
+12.1%
11572
+9.0%
11558
+7.6%

Housing Supply in 11558, NY

How many homes are available in 11558, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5053+6.0%

Summary: The 11558 real estate market had 53 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1415
+7.1%
4 1615
-6.3%
5+ 1214
+16.7%

Summary: The 11558 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 increased by 12.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11558, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 11558 in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for 11558, NY

How long does it take to sell a home in 11558, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days60 Days+28.8%

Summary: Homes in 11558 had an average of 60 days on market in Oct 2024, up by 28.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11558 has remained consistent over time.

Summary: During October 2024, 8 homes were sold in 11558; 25% of homes were sold within 30 days, 75% 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 4 Days Ago

Newest Listings in 11558, NY

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