Is 11757, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11757 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 11757 was a Seller's Market.

Key Takeaway

11757 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 11757, NY

How much do homes in 11757, NY cost?

Median Sold Price

$610,000

$361/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$55,000(+9.9%)

Key Takeaway

Homes in 11757 have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in 11757 was $610,000 in December 2024, up 9.9% from last year, and the median price per square foot was $361.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $312.5K$430K
+37.6%
2 $450K$510K
+13.3%
3 $530K$580K
+9.4%
4 $570K$638.7K
+12.1%
5+ $622.5K$690K
+10.8%

Summary: 11757 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 10.8%.

Median Sold Price Compared To Nearby Zip Codes

11701
+17.8%
11757
+9.9%
11726
+6.8%
11702
+6.4%
11704
+5.8%

Housing Supply in 11757, NY

How many homes are available in 11757, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
191185-3.1%

Summary: The 11757 real estate market had 185 homes for sale in December 2024, a 3.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 1717
0.0%
3 7570
-6.7%
4 7172
+1.4%
5+ 2725
-7.4%

Summary: The 11757 housing inventory by bedroom type for December 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 6.7%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 7.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2227+22.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11757, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in 11757 in December 2024, up by 22.7% month-over-month. Of the 27 sold homes, 33% were sold under asking, 7% were sold at asking, and 59% were sold over asking.

Days on Market for 11757, NY

How long does it take to sell a home in 11757, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days48 Days-3.7%

Summary: Homes in 11757 had an average of 48 days on market in Dec 2024, down by 3.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11757 has remained consistent over time.

Summary: During December 2024, 27 homes were sold in 11757; 44% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 7% 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 2 Days Ago

Newest Listings in 11757, NY

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