Is 11741, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11741 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11741 has remained a Seller's Market.

Key Takeaway

11741 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11741, NY

How much do homes in 11741, NY cost?

Median Sold Price

$600,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+11.1%)

Key Takeaway

Homes in 11741 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 11741 was $600,000 in October 2024, up 11.1% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $235K-
N/A
2 $389.5K$442.5K
+13.6%
3 $530K$575K
+8.5%
4 $591.2K$637.5K
+7.8%
5+ $580K$630K
+8.6%

Summary: 11741 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Zip Codes

11782
+18.6%
11742
+16.0%
11741
+11.1%
11779
+8.6%
11705
+6.9%

Housing Supply in 11741, NY

How many homes are available in 11741, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6873+7.4%

Summary: The 11741 real estate market had 73 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1111
0.0%
3 2829
+3.6%
4 1924
+26.3%
5+ 109
-10.0%

Summary: The 11741 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 increased by 3.6%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1714-17.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11741, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 11741 in October 2024, down by 17.6% month-over-month. Of the 14 sold homes, 14% were sold under asking, 21% were sold at asking, and 64% were sold over asking.

Days on Market for 11741, NY

How long does it take to sell a home in 11741, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days41 Days+39.9%

Summary: Homes in 11741 had an average of 41 days on market in Oct 2024, up by 39.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11741 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 11741; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 11741, NY

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