Is 11755, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11755 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11755 was a Seller's Market.

Key Takeaway

11755 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 11755, NY

How much do homes in 11755, NY cost?

Median Sold Price

$635,000

$324/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,500(+6.3%)

Key Takeaway

Homes in 11755 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 11755 was $635,000 in October 2024, up 6.3% from last year, and the median price per square foot was $324.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $350K$325K
-7.1%
2 $486.2K$475K
-2.3%
3 $518K$594K
+14.7%
4 $649K$677K
+4.3%
5+ $664.5K$765K
+15.1%

Summary: 11755 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Zip Codes

11780
+16.2%
11720
+11.3%
11779
+8.6%
11755
+6.3%
11767
+6.3%

Housing Supply in 11755, NY

How many homes are available in 11755, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5554-1.8%

Summary: The 11755 real estate market had 54 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 65
-16.7%
3 1010
0.0%
4 2422
-8.3%
5+ 1516
+6.7%

Summary: The 11755 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11755, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in 11755 in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.

Days on Market for 11755, NY

How long does it take to sell a home in 11755, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days33 Days0.4%

Summary: Homes in 11755 had an average of 33 days on market in Oct 2024, up by 0.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11755 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 11755; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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 11755, NY

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