Is 11566, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11566 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11566 was a Seller's Market.

Key Takeaway

11566 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 11566, NY

How much do homes in 11566, NY cost?

Median Sold Price

$795,000

$424/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$47,666(+6.4%)

Key Takeaway

Homes in 11566 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 11566 was $795,000 in October 2024, up 6.4% from last year, and the median price per square foot was $424.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $194.5K$380K
+95.4%
2 $515K$497.5K
-3.4%
3 $622K$728K
+17.0%
4 $800K$841K
+5.1%
5+ $880K$1.0M
+14.8%

Summary: 11566 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.4%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

11710
+9.9%
11520
+9.6%
11566
+6.4%
11575
+4.5%

Housing Supply in 11566, NY

How many homes are available in 11566, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
126120-4.8%

Summary: The 11566 real estate market had 120 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 4240
-4.8%
4 5956
-5.1%
5+ 2118
-14.3%

Summary: The 11566 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 50%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3119-38.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11566, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 11566 in October 2024, down by 38.7% month-over-month. Of the 19 sold homes, 21% were sold under asking, 11% were sold at asking, and 68% were sold over asking.

Days on Market for 11566, NY

How long does it take to sell a home in 11566, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
39 Days35 Days-9.1%

Summary: Homes in 11566 had an average of 35 days on market in Oct 2024, down by 9.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11566 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 11566; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% 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 11566, NY

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