Is 11782, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11782 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11782 has remained a Seller's Market.

Key Takeaway

11782 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11782, NY

How much do homes in 11782, NY cost?

Median Sold Price

$699,995

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$109,995(+18.6%)

Key Takeaway

Homes in 11782 have sold for 18.6% more than they did a year ago.

Summary: The median home sold price in 11782 was $699,995 in October 2024, up 18.6% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $245K$285K
+16.3%
2 $447.4K$470K
+5.0%
3 $595K$677.5K
+13.9%
4 $700K$750K
+7.1%
5+ $761.7K$810K
+6.3%

Summary: 11782 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

11782
+18.6%
11741
+11.1%
11716
+10.3%
11705
+6.9%

Housing Supply in 11782, NY

How many homes are available in 11782, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
51510.0%

Summary: The 11782 real estate market had 51 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 810
+25.0%
3 1818
0.0%
4 1715
-11.8%
5+ 66
0.0%

Summary: The 11782 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 remained the same, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11782, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 11782 in October 2024, down by 15.4% month-over-month. Of the 11 sold homes, 18% were sold under asking, 9% were sold at asking, and 73% were sold over asking.

Days on Market for 11782, NY

How long does it take to sell a home in 11782, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days66 Days+109.6%

Summary: Homes in 11782 had an average of 66 days on market in Oct 2024, up by 109.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11782 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 11782; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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 11782, NY

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