Is 11756, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11756 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11756 has remained a Seller's Market.

Key Takeaway

11756 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11756, NY

How much do homes in 11756, NY cost?

Median Sold Price

$660,000

$412/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+10.0%)

Key Takeaway

Homes in 11756 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 11756 was $660,000 in October 2024, up 10% from last year, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375K$370K
-1.3%
2 $420K$515K
+22.6%
3 $577.5K$605K
+4.8%
4 $584K$653K
+11.8%
5+ $672.5K$780K
+16.0%

Summary: 11756 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Zip Codes

11554
+13.1%
11801
+13.1%
11793
+11.4%
11756
+10.0%
11714
+8.8%

Housing Supply in 11756, NY

How many homes are available in 11756, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
146141-3.4%

Summary: The 11756 real estate market had 141 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 11
0.0%
3 2828
0.0%
4 7174
+4.2%
5+ 4436
-18.2%

Summary: The 11756 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 remained the same, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2932+10.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11756, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 32 homes were sold or pending in 11756 in October 2024, up by 10.3% month-over-month. Of the 32 sold homes, 31% were sold under asking, 6% were sold at asking, and 63% were sold over asking.

Days on Market for 11756, NY

How long does it take to sell a home in 11756, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days31 Days+9.7%

Summary: Homes in 11756 had an average of 31 days on market in Oct 2024, up by 9.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11756 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in 11756; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% 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 20 Days Ago

Newest Listings in 11756, NY

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