Is 11769, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11769 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11769 has remained a Seller's Market.

Key Takeaway

11769 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11769, NY

How much do homes in 11769, NY cost?

Median Sold Price

$655,000

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$103,000(+18.7%)

Key Takeaway

Homes in 11769 have sold for 18.7% more than they did a year ago.

Summary: The median home sold price in 11769 was $655,000 in October 2024, up 18.7% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $278.7K$285K
+2.2%
2 $408.7K$515K
+26.0%
3 $570K$700K
+22.8%
4 $676K$705K
+4.3%
5+ $660K$880K
+33.3%

Summary: 11769 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 33.3%.

Median Sold Price Compared To Nearby Zip Codes

11769
+18.7%
11782
+18.6%
11716
+10.3%

Housing Supply in 11769, NY

How many homes are available in 11769, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5251-1.9%

Summary: The 11769 real estate market had 51 homes for sale in October 2024, a 1.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 108
-20.0%
2 78
+14.3%
3 1312
-7.7%
4 1818
0.0%
5+ 45
+25.0%

Summary: The 11769 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11769, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in 11769 in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 11% were sold at asking, and 67% were sold over asking.

Days on Market for 11769, NY

How long does it take to sell a home in 11769, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
167 Days50 Days-69.7%

Summary: Homes in 11769 had an average of 50 days on market in Oct 2024, down by 69.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11769 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 11769; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 11769, NY

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