Is 11791, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11791 is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, 11791 has remained a Buyer's Market.

Key Takeaway

11791 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11791, NY

How much do homes in 11791, NY cost?

Median Sold Price

$1,203,333

$504/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$239,999(+24.9%)

Key Takeaway

Homes in 11791 have sold for 24.9% more than they did a year ago.

Summary: The median home sold price in 11791 was $1,203,333 in November 2024, up 24.9% from last year, and the median price per square foot was $504.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $775K-
N/A
3 $880K$955K
+8.5%
4 $940K$1.0M
+13.8%
5+ $1.4M$1.6M
+8.1%

Summary: 11791 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

11791
+24.9%
11797
+20.5%
11753
+14.7%
11803
+10.1%
11732
+5.4%

Housing Supply in 11791, NY

How many homes are available in 11791, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
126118-6.3%

Summary: The 11791 real estate market had 118 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2524
-4.0%
4 3935
-10.3%
5+ 6259
-4.8%

Summary: The 11791 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 4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2414-41.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11791, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 11791 in November 2024, down by 41.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.

Days on Market for 11791, NY

How long does it take to sell a home in 11791, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days63 Days-4.1%

Summary: Homes in 11791 had an average of 63 days on market in Nov 2024, down by 4.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11791 has remained consistent over time.

Summary: During November 2024, 14 homes were sold in 11791; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 11791, NY

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