Is 11717, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11717 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 11717 has remained a Neutral Market.

Key Takeaway

11717 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 11717, NY

How much do homes in 11717, NY cost?

Median Sold Price

$575,000

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$65,000(+12.7%)

Key Takeaway

Homes in 11717 have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in 11717 was $575,000 in November 2024, up 12.7% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $200K-
N/A
2 $405K$440K
+8.6%
3 $475K$540K
+13.7%
4 $525K$580.3K
+10.5%
5+ $560K$649.5K
+16.0%

Summary: 11717 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Zip Codes

11788
+14.2%
11722
+13.6%
11717
+12.7%
11751
+12.2%
11706
+9.6%

Housing Supply in 11717, NY

How many homes are available in 11717, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
117115-1.7%

Summary: The 11717 real estate market had 115 homes for sale in November 2024, a 1.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3740
+8.1%
4 4439
-11.4%
5+ 3434
0.0%

Summary: The 11717 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 increased by 8.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1419+35.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer53%32%16%

Key Takeaway

If you're buying a home in 11717, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in 11717 in November 2024, up by 35.7% month-over-month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.

Days on Market for 11717, NY

How long does it take to sell a home in 11717, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days33 Days+64.0%

Summary: Homes in 11717 had an average of 33 days on market in Nov 2024, up by 64% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times53%47%

Key Takeaway

Avg time on Rocket Homes in 11717 has remained consistent over time.

Summary: During November 2024, 19 homes were sold in 11717; 47% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 0% 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 22 Days Ago

Newest Listings in 11717, NY

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