Is 11693, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11693 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 11693 has remained a Neutral Market.

Key Takeaway

11693 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 11693, NY

How much do homes in 11693, NY cost?

Median Sold Price

$430,000

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$168,000(-28.1%)

Key Takeaway

Homes in 11693 have sold for 28.1% less than they did a year ago.

Summary: The median home sold price in 11693 was $430,000 in November 2024, down 28.1% from last year, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $330K$357.5K
+8.3%
2 $585K$355K
-39.3%
3 $595K$480K
-19.3%
4 $754.5K$505K
-33.1%
5+ $680K$1.0M
+58.8%

Summary: 11693 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes decreased by 39.3%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes decreased by 33.1%, and 5+ bedroom homes increased by 58.8%.

Median Sold Price Compared To Nearby Zip Codes

11692
-1.5%
11694
-2.5%
11693
-28.1%

Housing Supply in 11693, NY

How many homes are available in 11693, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4643-6.5%

Summary: The 11693 real estate market had 43 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 1816
-11.1%
3 1312
-7.7%
4 22
0.0%
5+ 55
0.0%

Summary: The 11693 housing inventory by bedroom type for November 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 decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11693, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 11693 in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% were sold over asking.

Days on Market for 11693, NY

How long does it take to sell a home in 11693, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
95 Days192 Days+101.3%

Summary: Homes in 11693 had an average of 192 days on market in Nov 2024, up by 101.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11693 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 7 homes were sold in 11693; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 57% 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 21 Days Ago

Newest Listings in 11693, NY

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