Is 11751, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11751 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 11751 has remained a Seller's Market.

Key Takeaway

11751 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11751, NY

How much do homes in 11751, NY cost?

Median Sold Price

$580,000

$338/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$63,000(+12.2%)

Key Takeaway

Homes in 11751 have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in 11751 was $580,000 in November 2024, up 12.2% from last year, and the median price per square foot was $338.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$245K
+8.9%
2 $282.7K$320K
+13.2%
3 $535K$597K
+11.6%
4 $583K$700K
+20.1%
5+ $699K$670K
-4.1%

Summary: 11751 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

11730
+16.8%
11717
+12.7%
11751
+12.2%
11706
+9.6%
11752
+7.9%

Housing Supply in 11751, NY

How many homes are available in 11751, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7069-1.4%

Summary: The 11751 real estate market had 69 homes for sale in November 2024, a 1.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 108
-20.0%
2 1110
-9.1%
3 2223
+4.5%
4 1515
0.0%
5+ 1213
+8.3%

Summary: The 11751 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
915+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11751, you could pay more than the asking price. 53.3% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 11751 in November 2024, up by 66.7% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.

Days on Market for 11751, NY

How long does it take to sell a home in 11751, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days34 Days-15.1%

Summary: Homes in 11751 had an average of 34 days on market in Nov 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11751 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in 11751; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 11751, NY

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