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 October 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

$724,000

$439/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$94,000(+14.9%)

Key Takeaway

Homes in 11783 have sold for 14.9% more than they did a year ago.

Summary: The median home sold price in 11783 was $724,000 in October 2024, up 14.9% from last year, and the median price per square foot was $439.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $257K$310K
+20.6%
2 $521.5K$610K
+17.0%
3 $605K$687K
+13.6%
4 $656.2K$739K
+12.6%
5+ $750K$857.5K
+14.3%

Summary: 11783 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 17%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 14.3%.

Median Sold Price Compared To Nearby Zip Codes

11783
+14.9%
11793
+11.4%
11758
+10.5%
11714
+8.8%

Housing Supply in 11783, NY

How many homes are available in 11783, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7879+1.3%

Summary: The 11783 real estate market had 79 homes for sale in October 2024, a 1.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 33
0.0%
3 3433
-2.9%
4 2629
+11.5%
5+ 1313
0.0%

Summary: The 11783 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1017+70.0%

Asking Price vs. Sold Price

3 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. 70.6% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in 11783 in October 2024, up by 70.0% month-over-month. Of the 17 sold homes, 18% were sold under asking, 12% were sold at asking, and 71% 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

Oct 2023Oct 2024CHANGE
33 Days24 Days-25.6%

Summary: Homes in 11783 had an average of 24 days on market in Oct 2024, down by 25.6% compared to last year.

Breakdown of Home Sale Times

14 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

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

Summary: During October 2024, 17 homes were sold in 11783; 82% of homes were sold within 30 days, 18% 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 22 Days Ago

Newest Listings in 11783, NY

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