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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11777 is a neutral's market

Buyer's
Market

Difference Since November 2023

Since last year, 11777 has remained a Neutral Market.

Key Takeaway

11777 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 11777, NY

How much do homes in 11777, NY cost?

Median Sold Price

$710,000

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$67,500(+10.5%)

Key Takeaway

Homes in 11777 have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in 11777 was $710,000 in November 2024, up 10.5% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$360K
N/A
2 $470K$502.5K
+6.9%
3 $605K$712K
+17.7%
4 $725K$770K
+6.2%
5+ $884.1K$892K
+0.9%

Summary: 11777 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 6.9%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

11766
+14.5%
11777
+10.5%
11776
+7.0%
11733
+5.9%

Housing Supply in 11777, NY

How many homes are available in 11777, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4131-24.4%

Summary: The 11777 real estate market had 31 homes for sale in November 2024, a 24.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 52
-60.0%
3 129
-25.0%
4 1311
-15.4%
5+ 109
-10.0%

Summary: The 11777 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
145-64.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11777, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 11777 in November 2024, down by 64.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% 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

Nov 2023Nov 2024CHANGE
94 Days33 Days-64.8%

Summary: Homes in 11777 had an average of 33 days on market in Nov 2024, down by 64.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 5 homes were sold in 11777; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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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