$6,530 Closing Credit*
$549,900
3 Beds
•1 Full Bath
Listing Office: Realty Masters International
Is 11581, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 11581 was a Seller's Market.
Key Takeaway
11581 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 11581, NY
How much do homes in 11581, NY cost?
Median Sold Price
$699,500
$425/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,500(+1.4%)
Key Takeaway
Homes in 11581 have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in 11581 was $699,500 in October 2024, up 1.4% from last year, and the median price per square foot was $425.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $227.5K | +19.7% |
| 2 Bedrooms | $475K | $605K | +27.4% |
| 3 Bedrooms | $615K | $653K | +6.2% |
| 4 Bedrooms | $750K | $770K | +2.7% |
| 5+ Bedrooms | $947.5K | $900K | -5.0% |
Summary: 11581 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 5%.
Housing Supply in 11581, NY
How many homes are available in 11581, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 85 | +19.7% |
Summary: The 11581 real estate market had 85 homes for sale in October 2024, a 19.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 26 | 35 | +34.6% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The 11581 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 25%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11581, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 11581 in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.
Days on Market for 11581, NY
How long does it take to sell a home in 11581, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 36 Days | -14.3% |
Summary: Homes in 11581 had an average of 36 days on market in Oct 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 11581 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in 11581; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.