Is 11570, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11570 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11570 has remained a Seller's Market.

Key Takeaway

11570 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11570, NY

How much do homes in 11570, NY cost?

Median Sold Price

$775,316

$442/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$316(0.0%)

Key Takeaway

The sold price of homes in 11570 has remained the same since last year.

Summary: The median home sold price in 11570 was $775,316 in October 2024, the same as last year, and the median price per square foot was $442.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299K$310K
+3.7%
2 $375K$432.5K
+15.3%
3 $773K$805K
+4.1%
4 $929.5K$999K
+7.5%
5+ $1.0M$1.2M
+14.8%

Summary: 11570 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Zip Codes

11552
+11.0%
11563
+9.6%
11572
+9.0%
11510
+7.9%
11570
0.0%

Housing Supply in 11570, NY

How many homes are available in 11570, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
115119+3.5%

Summary: The 11570 real estate market had 119 homes for sale in October 2024, a 3.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1618
+12.5%
2 1414
0.0%
3 3937
-5.1%
4 3231
-3.1%
5+ 1419
+35.7%

Summary: The 11570 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 35.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2026+30.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11570, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 11570 in October 2024, up by 30.0% month-over-month. Of the 26 sold homes, 65% were sold under asking, 8% were sold at asking, and 27% were sold over asking.

Days on Market for 11570, NY

How long does it take to sell a home in 11570, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
51 Days65 Days+26.9%

Summary: Homes in 11570 had an average of 65 days on market in Oct 2024, up by 26.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11570 has remained consistent over time.

Summary: During October 2024, 26 homes were sold in 11570; 35% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 27% 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 3 Days Ago

Newest Listings in 11570, NY

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