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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11726 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11726 was a Seller's Market.

Key Takeaway

11726 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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 November 2023

+$44,650(+8.8%)

Key Takeaway

Homes in 11726 have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in 11726 was $550,000 in November 2024, up 8.8% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $331.5K$393.9K
+18.9%
2 $414K$440K
+6.3%
3 $502.3K$562.5K
+12.0%
4 $525K$590K
+12.4%
5+ $612.5K$570K
-6.9%

Summary: 11726 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Zip Codes

11701
+12.1%
11757
+10.4%
11726
+8.8%
11702
+6.9%

Housing Supply in 11726, NY

How many homes are available in 11726, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6956-18.8%

Summary: The 11726 real estate market had 56 homes for sale in November 2024, a 18.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 86
-25.0%
3 2521
-16.0%
4 2823
-17.9%
5+ 66
0.0%

Summary: The 11726 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
196-68.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in 11726 in November 2024, down by 68.4% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Nov 2023Nov 2024CHANGE
23 Days62 Days+169.6%

Summary: Homes in 11726 had an average of 62 days on market in Nov 2024, up by 169.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was 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 November 2024, 6 homes were sold in 11726; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 11726, NY

Nearby Markets to 11726, NY