Is 11713, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11713 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 11713 has remained a Buyer's Market.

Key Takeaway

11713 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11713, NY

How much do homes in 11713, NY cost?

Median Sold Price

$570,000

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$82,500(+16.9%)

Key Takeaway

Homes in 11713 have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in 11713 was $570,000 in November 2024, up 16.9% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $610K$537K
-12.0%
2 $380K$570K
+50.0%
3 $443K$540K
+21.9%
4 $550K$558K
+1.5%
5+ $495K$650K
+31.3%

Summary: 11713 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 31.3%.

Median Sold Price Compared To Nearby Zip Codes

11980
+48.1%
11713
+16.9%
11763
+13.7%
11772
+11.2%

Housing Supply in 11713, NY

How many homes are available in 11713, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5952-11.9%

Summary: The 11713 real estate market had 52 homes for sale in November 2024, a 11.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2824
-14.3%
4 2120
-4.8%
5+ 108
-20.0%

Summary: The 11713 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer43%43%14%

Key Takeaway

If you're buying a home in 11713, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 11713 in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for 11713, NY

How long does it take to sell a home in 11713, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days192 Days+194.5%

Summary: Homes in 11713 had an average of 192 days on market in Nov 2024, up by 194.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times43%29%29%

Key Takeaway

Many homes in 11713 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in 11713; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 19 Days Ago

Newest Listings in 11713, NY

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