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 20 Days Ago

Newest Listings in 11702, NY

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