Is 11786, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11786 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 11786 has remained a Seller's Market.

Key Takeaway

11786 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11786, NY

How much do homes in 11786, NY cost?

Median Sold Price

$875,000

$348/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$242,000(+38.2%)

Key Takeaway

Homes in 11786 have sold for 38.2% more than they did a month ago.

Summary: The median home sold price in 11786 was $875,000 in November 2024, up 38.2% from last month, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $567.7K$470K
-17.2%
4 $665K$897K
+34.9%
5+ -$875K
N/A

Summary: 11786 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 17.2%, 4 bedroom homes increased by 34.9%, and 5+ bedroom homes did not change.

Housing Supply in 11786, NY

How many homes are available in 11786, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2419-20.8%

Summary: The 11786 real estate market had 19 homes for sale in November 2024, a 20.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 139
-30.8%
5+ 33
0.0%

Summary: The 11786 housing inventory by bedroom type for November 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 14.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11786, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in 11786 in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.

Days on Market for 11786, NY

How long does it take to sell a home in 11786, NY?

Average Sale Time

Oct 2024Nov 2024CHANGE
40 Days47 Days+17.1%

Summary: Homes in 11786 had an average of 47 days on market in Nov 2024, up by 17.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11786 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in 11786; 40% of homes were sold within 30 days, 40% 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 17 Days Ago

Newest Listings in 11786, NY

Nearby Markets to 11786, NY