Is 11706, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11706 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 11706 has remained a Seller's Market.

Key Takeaway

11706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11706, NY

How much do homes in 11706, NY cost?

Median Sold Price

$587,666

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$55,166(+10.4%)

Key Takeaway

Homes in 11706 have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in 11706 was $587,666 in December 2024, up 10.4% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $235K$265K
+12.8%
2 $455K$500K
+9.9%
3 $515K$551K
+7.0%
4 $545K$605K
+11.0%
5+ $625K$655K
+4.8%

Summary: 11706 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 4.8%.

Median Sold Price Compared To Nearby Zip Codes

11795
+16.2%
11751
+15.0%
11717
+11.5%
11706
+10.4%

Housing Supply in 11706, NY

How many homes are available in 11706, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
185160-13.5%

Summary: The 11706 real estate market had 160 homes for sale in December 2024, a 13.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 22
0.0%
2 1615
-6.3%
3 7052
-25.7%
4 6057
-5.0%
5+ 3734
-8.1%

Summary: The 11706 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 25.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 8.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3537+5.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11706, you could pay more than the asking price. 70.3% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in 11706 in December 2024, up by 5.7% month-over-month. Of the 37 sold homes, 27% were sold under asking, 3% were sold at asking, and 70% were sold over asking.

Days on Market for 11706, NY

How long does it take to sell a home in 11706, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
68 Days43 Days-36.8%

Summary: Homes in 11706 had an average of 43 days on market in Dec 2024, down by 36.8% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11706 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 37 homes were sold in 11706; 70% of homes were sold within 30 days, 22% 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 5 Days Ago

Newest Listings in 11706, NY

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