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 November 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

$643,500

$415/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,000(+9.9%)

Key Takeaway

Homes in 11735 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 11735 was $643,500 in November 2024, up 9.9% from last year, and the median price per square foot was $415.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $257.7K$271K
+5.1%
2 $450K$510.5K
+13.4%
3 $586.7K$630K
+7.4%
4 $620K$695K
+12.1%
5+ $670K$690K
+3.0%

Summary: 11735 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Zip Codes

11804
+25.9%
11701
+12.1%
11714
+11.9%
11757
+10.4%
11735
+9.9%

Housing Supply in 11735, NY

How many homes are available in 11735, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
116107-7.8%

Summary: The 11735 real estate market had 107 homes for sale in November 2024, a 7.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1616
0.0%
2 1111
0.0%
3 3936
-7.7%
4 3126
-16.1%
5+ 1918
-5.3%

Summary: The 11735 housing inventory by bedroom type for November 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 7.7%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
25250.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

14 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. 56% of homes here sold above asking price last month.

Summary: A total of 25 homes were sold or pending in 11735 in November 2024, the same as the previous month. Of the 25 sold homes, 20% were sold under asking, 24% were sold at asking, and 56% 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

Nov 2023Nov 2024CHANGE
36 Days46 Days+25.2%

Summary: Homes in 11735 had an average of 46 days on market in Nov 2024, up by 25.2% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 25 homes were sold in 11735; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% 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 11735, NY

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