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 November 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

$426/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, up 4.4% from last year, and the median price per square foot was $426.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $597.5K$665K
+11.3%
3 $650K$685K
+5.4%
4 $677.5K$755.5K
+11.5%
5+ $800K$720K
-10.0%

Summary: 11762 housing prices by bedroom type for November 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 5.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Zip Codes

11735
+9.9%
11758
+9.7%
11762
+4.4%

Housing Supply in 11762, NY

How many homes are available in 11762, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7668-10.5%

Summary: The 11762 real estate market had 68 homes for sale in November 2024, a 10.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 2924
-17.2%
4 2723
-14.8%
5+ 1919
0.0%

Summary: The 11762 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 increased by 100%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1514-6.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 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. 50% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 11762 in November 2024, down by 6.7% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
28 Days58 Days+108.2%

Summary: Homes in 11762 had an average of 58 days on market in Nov 2024, up by 108.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 14 homes were sold in 11762; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 3 Days Ago

Newest Listings in 11762, NY

Nearby Markets to 11762, NY