Is 11780, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11780 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11780 was a Neutral Market.

Key Takeaway

11780 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11780, NY

How much do homes in 11780, NY cost?

Median Sold Price

$737,500

$340/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$91,500(+14.2%)

Key Takeaway

Homes in 11780 have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in 11780 was $737,500 in November 2024, up 14.2% from last year, and the median price per square foot was $340.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $362K$425K
+17.4%
2 $459K$482.5K
+5.1%
3 $610K$625K
+2.5%
4 $749K$980K
+30.8%
5+ $1.3M$1.0M
-24.1%

Summary: 11780 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 24.1%.

Median Sold Price Compared To Nearby Zip Codes

11780
+14.2%
11767
+10.6%
11787
+7.5%
11790
+7.2%
11755
+6.5%

Housing Supply in 11780, NY

How many homes are available in 11780, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9286-6.5%

Summary: The 11780 real estate market had 86 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 55
0.0%
2 1410
-28.6%
3 2020
0.0%
4 2730
+11.1%
5+ 2621
-19.2%

Summary: The 11780 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 19.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11780, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 11780 in November 2024, down by 44.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 11780, NY

How long does it take to sell a home in 11780, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
97 Days89 Days-7.4%

Summary: Homes in 11780 had an average of 89 days on market in Nov 2024, down by 7.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 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 11780 has remained consistent over time.

Summary: During November 2024, 10 homes were sold in 11780; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

Newest Listings in 11780, NY

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