$8,016 Closing Credit*
$675,000
7 Beds
•2 Full Baths
Listing Office: Keller Williams Legendary
Is 11720, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 11720 has remained a Seller's Market.
Key Takeaway
11720 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 11720, NY
How much do homes in 11720, NY cost?
Median Sold Price
$579,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$59,000(+11.3%)
Key Takeaway
Homes in 11720 have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in 11720 was $579,000 in October 2024, up 11.3% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $350K | -6.7% |
| 2 Bedrooms | $400K | $470K | +17.5% |
| 3 Bedrooms | $505K | $550K | +8.9% |
| 4 Bedrooms | $536K | $625K | +16.6% |
| 5+ Bedrooms | $578K | $650K | +12.5% |
Summary: 11720 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 12.5%.
Housing Supply in 11720, NY
How many homes are available in 11720, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 130 | 135 | +3.8% |
Summary: The 11720 real estate market had 135 homes for sale in October 2024, a 3.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 52 | 52 | 0.0% |
| 4 Bedrooms | 58 | 59 | +1.7% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The 11720 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11720, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in 11720 in October 2024, the same as the previous month. Of the 24 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for 11720, NY
How long does it take to sell a home in 11720, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 41 Days | +67.3% |
Summary: Homes in 11720 had an average of 41 days on market in Oct 2024, up by 67.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11720 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in 11720; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.