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 4 Days Ago

Newest Listings in 11783, NY

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