$9,797 Closing Credit*
$825,000
5 Beds
•2 Full Baths
Listing Office: Douglas Elliman Real Estate
Is 11725, 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, 11725 has remained a Seller's Market.
Key Takeaway
11725 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 11725, NY
How much do homes in 11725, NY cost?
Median Sold Price
$750,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+10.3%)
Key Takeaway
Homes in 11725 have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in 11725 was $750,000 in October 2024, up 10.3% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $469.5K | +4.3% |
| 2 Bedrooms | $555K | $590K | +6.3% |
| 3 Bedrooms | $635K | $682.5K | +7.5% |
| 4 Bedrooms | $730K | $785K | +7.5% |
| 5+ Bedrooms | $813.5K | $875K | +7.6% |
Summary: 11725 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in 11725, NY
How many homes are available in 11725, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 96 | -5.0% |
Summary: The 11725 real estate market had 96 homes for sale in October 2024, a 5.0% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The 11725 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 remained the same, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 11725, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 11725 in October 2024, up by 8.7% month-over-month. Of the 25 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for 11725, NY
How long does it take to sell a home in 11725, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 40 Days | -8.9% |
Summary: Homes in 11725 had an average of 40 days on market in Oct 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 11725 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 25 homes were sold in 11725; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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.