Is 11575, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11575 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11575 was a Neutral Market.

Key Takeaway

11575 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11575, NY

How much do homes in 11575, NY cost?

Median Sold Price

$577,500

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,001(+4.5%)

Key Takeaway

Homes in 11575 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 11575 was $577,500 in October 2024, up 4.5% from last year, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$387K
N/A
2 $375K$530K
+41.3%
3 $552.4K$543.4K
-1.6%
4 $575K$615.5K
+7.0%
5+ $610K$660K
+8.2%

Summary: 11575 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 41.3%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Zip Codes

11520
+9.6%
11553
+9.1%
11510
+7.9%
11566
+6.4%
11575
+4.5%

Housing Supply in 11575, NY

How many homes are available in 11575, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6063+5.0%

Summary: The 11575 real estate market had 63 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 2528
+12.0%
4 2021
+5.0%
5+ 66
0.0%

Summary: The 11575 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 11.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11575, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 11575 in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for 11575, NY

How long does it take to sell a home in 11575, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days49 Days+114.2%

Summary: Homes in 11575 had an average of 49 days on market in Oct 2024, up by 114.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11575 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 11575; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 11575, NY

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