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 5 Days Ago

Newest Listings in 11755, NY

Nearby Markets to 11755, NY