Is 11714, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11714 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11714 was a Seller's Market.

Key Takeaway

11714 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 11714, NY

How much do homes in 11714, NY cost?

Median Sold Price

$705,000

$431/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$75,000(+11.9%)

Key Takeaway

Homes in 11714 have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in 11714 was $705,000 in November 2024, up 11.9% from last year, and the median price per square foot was $431.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $282.5K$290K
+2.7%
2 $512.5K$535K
+4.4%
3 $595K$662.5K
+11.3%
4 $649K$718.5K
+10.7%
5+ $700K$902.5K
+28.9%

Summary: 11714 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 28.9%.

Median Sold Price Compared To Nearby Zip Codes

11804
+25.9%
11801
+13.5%
11714
+11.9%
11756
+10.2%
11803
+10.1%

Housing Supply in 11714, NY

How many homes are available in 11714, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9397+4.3%

Summary: The 11714 real estate market had 97 homes for sale in November 2024, a 4.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 75
-28.6%
3 3133
+6.5%
4 2424
0.0%
5+ 2831
+10.7%

Summary: The 11714 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1015+50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11714, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 11714 in November 2024, up by 50.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% were sold over asking.

Days on Market for 11714, NY

How long does it take to sell a home in 11714, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
96 Days48 Days-49.3%

Summary: Homes in 11714 had an average of 48 days on market in Nov 2024, down by 49.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11714 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 11714; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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 11714, NY

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