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 4 Days Ago

Newest Listings in 11756, NY

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