Is 11784, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11784 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11784 was a Seller's Market.

Key Takeaway

11784 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 11784, NY

How much do homes in 11784, NY cost?

Median Sold Price

$531,000

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$61,500(+13.1%)

Key Takeaway

Homes in 11784 have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in 11784 was $531,000 in October 2024, up 13.1% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $213.9K$225K
+5.2%
2 $360K$366.5K
+1.8%
3 $455K$510K
+12.1%
4 $525K$572.5K
+9.0%
5+ $549K$590K
+7.5%

Summary: 11784 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Zip Codes

11784
+13.1%
11738
+12.2%
11720
+11.3%
11776
+8.6%
11727
+1.6%

Housing Supply in 11784, NY

How many homes are available in 11784, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
103102-1.0%

Summary: The 11784 real estate market had 102 homes for sale in October 2024, a 1.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 1110
-9.1%
3 4341
-4.7%
4 2830
+7.1%
5+ 1917
-10.5%

Summary: The 11784 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2415-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11784, you could pay more than the asking price. 86.7% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in 11784 in October 2024, down by 37.5% month-over-month. Of the 15 sold homes, 13% were sold under asking, 0% were sold at asking, and 87% were sold over asking.

Days on Market for 11784, NY

How long does it take to sell a home in 11784, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days23 Days-23.1%

Summary: Homes in 11784 had an average of 23 days on market in Oct 2024, down by 23.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11784 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 11784; 73% of homes were sold within 30 days, 27% 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 17 Days Ago

Newest Listings in 11784, NY

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