Is 11777, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11777 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11777 was a Buyer's Market.

Key Takeaway

11777 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11777, NY

How much do homes in 11777, NY cost?

Median Sold Price

$710,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$57,000(+8.7%)

Key Takeaway

Homes in 11777 have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in 11777 was $710,000 in October 2024, up 8.7% from last year, and the median price per square foot was $326.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$360K
N/A
2 $477.5K$502.5K
+5.2%
3 $600K$725K
+20.8%
4 $725K$797.5K
+10.0%
5+ $884.1K$899K
+1.7%

Summary: 11777 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Zip Codes

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

Housing Supply in 11777, NY

How many homes are available in 11777, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4042+5.0%

Summary: The 11777 real estate market had 42 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 1211
-8.3%
4 1314
+7.7%
5+ 1011
+10.0%

Summary: The 11777 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11777, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 11777 in October 2024, up by 200.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.

Days on Market for 11777, NY

How long does it take to sell a home in 11777, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
119 Days70 Days-40.6%

Summary: Homes in 11777 had an average of 70 days on market in Oct 2024, down by 40.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11777 has remained consistent over time.

Summary: During October 2024, 12 homes were sold in 11777; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 11777, NY

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