Is 11726, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11726 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11726 has remained a Seller's Market.

Key Takeaway

11726 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11726, NY

How much do homes in 11726, NY cost?

Median Sold Price

$550,000

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,300(+9.0%)

Key Takeaway

Homes in 11726 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 11726 was $550,000 in October 2024, up 9% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $331.5K$393.9K
+18.9%
2 $412K$435K
+5.6%
3 $501K$560K
+11.8%
4 $520K$570K
+9.6%
5+ $625K$570K
-8.8%

Summary: 11726 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 8.8%.

Median Sold Price Compared To Nearby Zip Codes

11701
+15.3%
11702
+10.2%
11757
+10.0%
11726
+9.0%

Housing Supply in 11726, NY

How many homes are available in 11726, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6673+10.6%

Summary: The 11726 real estate market had 73 homes for sale in October 2024, a 10.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 109
-10.0%
3 2327
+17.4%
4 2629
+11.5%
5+ 56
+20.0%

Summary: The 11726 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 decreased by 10%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
718+157.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11726, you could pay more than the asking price. 72.2% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 11726 in October 2024, up by 157.1% month-over-month. Of the 18 sold homes, 11% were sold under asking, 17% were sold at asking, and 72% were sold over asking.

Days on Market for 11726, NY

How long does it take to sell a home in 11726, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
71 Days35 Days-49.7%

Summary: Homes in 11726 had an average of 35 days on market in Oct 2024, down by 49.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11726 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 11726; 56% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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 4 Days Ago

Newest Listings in 11726, NY

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