Is 11779, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11779 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11779 has remained a Seller's Market.

Key Takeaway

11779 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11779, NY

How much do homes in 11779, NY cost?

Median Sold Price

$570,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+8.6%)

Key Takeaway

Homes in 11779 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 11779 was $570,000 in October 2024, up 8.6% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $290K$322K
+11.0%
2 $380K$389K
+2.4%
3 $515K$550K
+6.8%
4 $570K$625K
+9.6%
5+ $610K$645.5K
+5.8%

Summary: 11779 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Zip Codes

11741
+11.1%
11716
+10.3%
11779
+8.6%
11767
+6.3%
11755
+6.3%

Housing Supply in 11779, NY

How many homes are available in 11779, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125139+11.2%

Summary: The 11779 real estate market had 139 homes for sale in October 2024, a 11.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 96
-33.3%
2 1417
+21.4%
3 3646
+27.8%
4 4650
+8.7%
5+ 2020
0.0%

Summary: The 11779 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2324+4.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11779, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 11779 in October 2024, up by 4.3% month-over-month. Of the 24 sold homes, 4% were sold under asking, 13% were sold at asking, and 83% were sold over asking.

Days on Market for 11779, NY

How long does it take to sell a home in 11779, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days27 Days-39.4%

Summary: Homes in 11779 had an average of 27 days on market in Oct 2024, down by 39.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11779 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in 11779; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% 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 4 Days Ago

Newest Listings in 11779, NY

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