Is 11772, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11772 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11772 has remained a Seller's Market.

Key Takeaway

11772 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11772, NY

How much do homes in 11772, NY cost?

Median Sold Price

$539,860

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$59,485(+12.4%)

Key Takeaway

Homes in 11772 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 11772 was $539,860 in October 2024, up 12.4% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $230K$263K
+14.3%
2 $385K$487.6K
+26.7%
3 $495K$530K
+7.1%
4 $540K$602.5K
+11.6%
5+ $605K$630K
+4.1%

Summary: 11772 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

11713
+19.3%
11742
+16.0%
11772
+12.4%
11715
+9.4%
11705
+6.9%

Housing Supply in 11772, NY

How many homes are available in 11772, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
179194+8.4%

Summary: The 11772 real estate market had 194 homes for sale in October 2024, a 8.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 109
-10.0%
2 2727
0.0%
3 7378
+6.8%
4 5261
+17.3%
5+ 1719
+11.8%

Summary: The 11772 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2837+32.1%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11772, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.

Summary: A total of 37 homes were sold or pending in 11772 in October 2024, up by 32.1% month-over-month. Of the 37 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.

Days on Market for 11772, NY

How long does it take to sell a home in 11772, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days39 Days-21.3%

Summary: Homes in 11772 had an average of 39 days on market in Oct 2024, down by 21.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11772 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 37 homes were sold in 11772; 51% of homes were sold within 30 days, 41% 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 17 Days Ago

Newest Listings in 11772, NY

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