Is 11776, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11776 is a neutral's market

Buyer's
Market

Difference Since October 2023

Since last year, 11776 has remained a Neutral Market.

Key Takeaway

11776 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 11776, NY

How much do homes in 11776, NY cost?

Median Sold Price

$535,000

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$42,500(+8.6%)

Key Takeaway

Homes in 11776 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 11776 was $535,000 in October 2024, up 8.6% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $185K$220.5K
+19.2%
2 $339.7K$342.5K
+0.8%
3 $477K$535K
+12.1%
4 $562.5K$590K
+4.9%
5+ $609K$642.5K
+5.5%

Summary: 11776 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

11766
+16.7%
11784
+13.1%
11777
+8.7%
11776
+8.6%
11733
+4.8%

Housing Supply in 11776, NY

How many homes are available in 11776, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
99106+7.1%

Summary: The 11776 real estate market had 106 homes for sale in October 2024, a 7.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1312
-7.7%
2 1615
-6.3%
3 2727
0.0%
4 3442
+23.5%
5+ 910
+11.1%

Summary: The 11776 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1517+13.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11776, you could pay more than the asking price. 82.4% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 11776 in October 2024, up by 13.3% month-over-month. Of the 17 sold homes, 6% were sold under asking, 12% were sold at asking, and 82% were sold over asking.

Days on Market for 11776, NY

How long does it take to sell a home in 11776, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days47 Days+41.9%

Summary: Homes in 11776 had an average of 47 days on market in Oct 2024, up by 41.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11776 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 11776; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% 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 11776, NY

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