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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11756 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11756 was a Seller's Market.

Key Takeaway

11756 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 11756, NY

How much do homes in 11756, NY cost?

Median Sold Price

$661,000

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$61,000(+10.2%)

Key Takeaway

Homes in 11756 have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in 11756 was $661,000 in November 2024, up 10.2% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $375K$370K
-1.3%
2 $420K$474.2K
+12.9%
3 $580K$607K
+4.7%
4 $590K$654K
+10.8%
5+ $675K$785K
+16.3%

Summary: 11756 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 16.3%.

Median Sold Price Compared To Nearby Zip Codes

11801
+13.5%
11554
+12.5%
11714
+11.9%
11756
+10.2%
11793
+9.8%

Housing Supply in 11756, NY

How many homes are available in 11756, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
143128-10.5%

Summary: The 11756 real estate market had 128 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 22
0.0%
3 2827
-3.6%
4 7361
-16.4%
5+ 3836
-5.3%

Summary: The 11756 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3621-41.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

14 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 11756 in November 2024, down by 41.7% month-over-month. Of the 21 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Nov 2023Nov 2024CHANGE
53 Days29 Days-45.9%

Summary: Homes in 11756 had an average of 29 days on market in Nov 2024, down by 45.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2024, 21 homes were sold in 11756; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% 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 11756, NY

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