Is 11702, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11702 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11702 was a Seller's Market.

Key Takeaway

11702 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 11702, NY

How much do homes in 11702, NY cost?

Median Sold Price

$705,000

$386/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$65,000(+10.2%)

Key Takeaway

Homes in 11702 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 11702 was $705,000 in October 2024, up 10.2% from last year, and the median price per square foot was $386.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $395K$690K
+74.7%
2 $462K$515K
+11.5%
3 $612.5K$670K
+9.4%
4 $665K$849.9K
+27.8%
5+ $825K$985K
+19.4%

Summary: 11702 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

11758
+10.5%
11702
+10.2%
11757
+10.0%
11726
+9.0%
11704
+5.7%

Housing Supply in 11702, NY

How many homes are available in 11702, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7885+9.0%

Summary: The 11702 real estate market had 85 homes for sale in October 2024, a 9.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 63
-50.0%
3 2633
+26.9%
4 2629
+11.5%
5+ 2019
-5.0%

Summary: The 11702 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

7 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 11702, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 11702 in October 2024, up by 18.2% month-over-month. Of the 13 sold homes, 54% were sold under asking, 0% were sold at asking, and 46% were sold over asking.

Days on Market for 11702, NY

How long does it take to sell a home in 11702, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days48 Days+20.8%

Summary: Homes in 11702 had an average of 48 days on market in Oct 2024, up by 20.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11702 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in 11702; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% 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 11702, NY

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