Is 11754, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11754 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11754 has remained a Seller's Market.

Key Takeaway

11754 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11754, NY

How much do homes in 11754, NY cost?

Median Sold Price

$675,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$70,000(+11.6%)

Key Takeaway

Homes in 11754 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 11754 was $675,000 in October 2024, up 11.6% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $235.5K$300K
+27.4%
2 $522.5K$625K
+19.6%
3 $580K$649.9K
+12.1%
4 $672.5K$730K
+8.6%
5+ $747.5K$706K
-5.6%

Summary: 11754 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.4%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

11780
+16.2%
11754
+11.6%
11725
+10.3%
11787
+8.1%
11768
+5.5%

Housing Supply in 11754, NY

How many homes are available in 11754, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6259-4.8%

Summary: The 11754 real estate market had 59 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 45
+25.0%
3 2220
-9.1%
4 2318
-21.7%
5+ 1114
+27.3%

Summary: The 11754 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 increased by 25%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12120.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11754, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in 11754 in October 2024, the same as the previous month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.

Days on Market for 11754, NY

How long does it take to sell a home in 11754, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days24 Days-67.0%

Summary: Homes in 11754 had an average of 24 days on market in Oct 2024, down by 67% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11754 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in 11754; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in 11754, NY

Nearby Markets to 11754, NY