Is 11758, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11758 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11758 has remained a Seller's Market.

Key Takeaway

11758 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11758, NY

How much do homes in 11758, NY cost?

Median Sold Price

$730,000

$418/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$69,600(+10.5%)

Key Takeaway

Homes in 11758 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 11758 was $730,000 in October 2024, up 10.5% from last year, and the median price per square foot was $418.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $510K$450K
-11.8%
2 $565K$608K
+7.6%
3 $629K$685K
+8.9%
4 $680K$765K
+12.5%
5+ $770K$852.5K
+10.7%

Summary: 11758 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Zip Codes

11701
+15.3%
11783
+14.9%
11758
+10.5%
11710
+9.9%
11762
+4.4%

Housing Supply in 11758, NY

How many homes are available in 11758, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
203196-3.4%

Summary: The 11758 real estate market had 196 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 44
0.0%
3 8075
-6.3%
4 7880
+2.6%
5+ 4036
-10.0%

Summary: The 11758 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 decreased by 6.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4136-12.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11758, you could pay more than the asking price. 63.9% of homes here sold above asking price last month.

Summary: A total of 36 homes were sold or pending in 11758 in October 2024, down by 12.2% month-over-month. Of the 36 sold homes, 25% were sold under asking, 11% were sold at asking, and 64% were sold over asking.

Days on Market for 11758, NY

How long does it take to sell a home in 11758, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days38 Days+37.1%

Summary: Homes in 11758 had an average of 38 days on market in Oct 2024, up by 37.1% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11758 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 36 homes were sold in 11758; 58% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% 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 11758, NY

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