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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11693 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 11693 has remained a Buyer's Market.

Key Takeaway

11693 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11693, NY

How much do homes in 11693, NY cost?

Median Sold Price

$473,750

$523/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$123,750(+35.4%)

Key Takeaway

Homes in 11693 have sold for 35.4% more than they did a month ago.

Summary: The median home sold price in 11693 was $473,750 in October 2024, up 35.4% from last month, and the median price per square foot was $523.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $350K$365K
+4.3%
2 $488.7K$645K
+32.0%
3 -$517.5K
N/A
4 --
N/A
5+ --
N/A

Summary: 11693 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 32%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 11693, NY

How many homes are available in 11693, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5150-2.0%

Summary: The 11693 real estate market had 50 homes for sale in October 2024, a 2.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 99
0.0%
2 2017
-15.0%
3 1416
+14.3%
4 22
0.0%
5+ 66
0.0%

Summary: The 11693 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 15%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11693, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 11693 in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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

Sep 2024Oct 2024CHANGE
84 Days129 Days+53.0%

Summary: Homes in 11693 had an average of 129 days on market in Oct 2024, up by 53% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 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 October 2024, 6 homes were sold in 11693; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 83% 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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