Is 11735, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11735 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11735 has remained a Seller's Market.

Key Takeaway

11735 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11735, NY

How much do homes in 11735, NY cost?

Median Sold Price

$644,500

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$65,500(+11.3%)

Key Takeaway

Homes in 11735 have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in 11735 was $644,500 in October 2024, up 11.3% from last year, and the median price per square foot was $400.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $265K$270K
+1.9%
2 $450K$535K
+18.9%
3 $572.5K$641.5K
+12.1%
4 $625K$700K
+12.0%
5+ $685K$690K
+0.7%

Summary: 11735 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Zip Codes

11701
+15.3%
11804
+14.8%
11735
+11.3%
11757
+10.0%
11714
+8.8%

Housing Supply in 11735, NY

How many homes are available in 11735, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
122116-4.9%

Summary: The 11735 real estate market had 116 homes for sale in October 2024, a 4.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1716
-5.9%
2 99
0.0%
3 3838
0.0%
4 4033
-17.5%
5+ 1820
+11.1%

Summary: The 11735 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.9%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2420-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11735, you could pay more than the asking price. 90% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 11735 in October 2024, down by 16.7% month-over-month. Of the 20 sold homes, 10% were sold under asking, 0% were sold at asking, and 90% were sold over asking.

Days on Market for 11735, NY

How long does it take to sell a home in 11735, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days30 Days+2.3%

Summary: Homes in 11735 had an average of 30 days on market in Oct 2024, up by 2.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11735 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 11735; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% 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 11735, NY

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