Is 11762, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11762 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 11762 has remained a Seller's Market.

Key Takeaway

11762 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11762, NY

How much do homes in 11762, NY cost?

Median Sold Price

$705,000

$430/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$30,000(+4.4%)

Key Takeaway

Homes in 11762 have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in 11762 was $705,000 in December 2024, up 4.4% from last year, and the median price per square foot was $430.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $597.5K$665K
+11.3%
3 $650K$700K
+7.7%
4 $675K$743.5K
+10.1%
5+ $800K$717K
-10.4%

Summary: 11762 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 10.4%.

Median Sold Price Compared To Nearby Zip Codes

11758
+10.5%
11735
+9.7%
11762
+4.4%

Housing Supply in 11762, NY

How many homes are available in 11762, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6859-13.2%

Summary: The 11762 real estate market had 59 homes for sale in December 2024, a 13.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 2422
-8.3%
4 2421
-12.5%
5+ 1815
-16.7%

Summary: The 11762 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 decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1516+6.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11762, you could pay more than the asking price. 81.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 11762 in December 2024, up by 6.7% month-over-month. Of the 16 sold homes, 19% were sold under asking, 0% were sold at asking, and 81% were sold over asking.

Days on Market for 11762, NY

How long does it take to sell a home in 11762, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
52 Days23 Days-54.2%

Summary: Homes in 11762 had an average of 23 days on market in Dec 2024, down by 54.2% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11762 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 16 homes were sold in 11762; 81% of homes were sold within 30 days, 13% 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 6 Days Ago

Newest Listings in 11762, NY

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