Is 11789, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11789 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11789 was a Buyer's Market.

Key Takeaway

11789 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11789, NY

How much do homes in 11789, NY cost?

Median Sold Price

$475,000

$329/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+14.5%)

Key Takeaway

Homes in 11789 have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in 11789 was $475,000 in October 2024, up 14.5% from last year, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $269.5K$218K
-19.1%
2 $368.2K$390K
+5.9%
3 $450K$485.5K
+7.9%
4 $509K$525.7K
+3.3%
5+ $380K$567.5K
+49.3%

Summary: 11789 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 49.3%.

Median Sold Price Compared To Nearby Zip Codes

11789
+14.5%
11764
+4.8%
11778
+4.8%

Housing Supply in 11789, NY

How many homes are available in 11789, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4659+28.3%

Summary: The 11789 real estate market had 59 homes for sale in October 2024, a 28.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1112
+9.1%
3 2430
+25.0%
4 712
+71.4%
5+ 22
0.0%

Summary: The 11789 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11789, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 11789 in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for 11789, NY

How long does it take to sell a home in 11789, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days61 Days+218.6%

Summary: Homes in 11789 had an average of 61 days on market in Oct 2024, up by 218.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11789 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in 11789; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% 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 11789, NY

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