Is 11783, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11783 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 11783 has remained a Seller's Market.

Key Takeaway

11783 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11783, NY

How much do homes in 11783, NY cost?

Median Sold Price

$724,999

$452/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$74,999(+11.5%)

Key Takeaway

Homes in 11783 have sold for 11.5% more than they did a year ago.

Summary: The median home sold price in 11783 was $724,999 in December 2024, up 11.5% from last year, and the median price per square foot was $452.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$311K
N/A
2 $505.5K$610K
+20.7%
3 $628K$685K
+9.1%
4 $688K$746K
+8.4%
5+ $749.5K$805K
+7.4%

Summary: 11783 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Zip Codes

11793
+12.8%
11714
+12.6%
11783
+11.5%
11758
+10.5%

Housing Supply in 11783, NY

How many homes are available in 11783, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6958-15.9%

Summary: The 11783 real estate market had 58 homes for sale in December 2024, a 15.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 33
0.0%
3 2620
-23.1%
4 2623
-11.5%
5+ 1311
-15.4%

Summary: The 11783 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1320+53.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11783, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 11783 in December 2024, up by 53.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for 11783, NY

How long does it take to sell a home in 11783, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days46 Days+73.9%

Summary: Homes in 11783 had an average of 46 days on market in Dec 2024, up by 73.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11783 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 20 homes were sold in 11783; 65% of homes were sold within 30 days, 15% 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 2 Days Ago

Newest Listings in 11783, NY

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