Is 11793, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11793 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11793 has remained a Seller's Market.

Key Takeaway

11793 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11793, NY

How much do homes in 11793, NY cost?

Median Sold Price

$725,000

$443/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$74,000(+11.4%)

Key Takeaway

Homes in 11793 have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in 11793 was $725,000 in October 2024, up 11.4% from last year, and the median price per square foot was $443.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $379K$436.5K
+15.2%
2 $530.5K$599K
+12.9%
3 $635K$725K
+14.2%
4 $679K$715K
+5.3%
5+ $739.5K$855K
+15.6%

Summary: 11793 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 15.6%.

Median Sold Price Compared To Nearby Zip Codes

11783
+14.9%
11554
+13.1%
11793
+11.4%
11756
+10.0%
11710
+9.9%

Housing Supply in 11793, NY

How many homes are available in 11793, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10499-4.8%

Summary: The 11793 real estate market had 99 homes for sale in October 2024, a 4.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 21
-50.0%
3 3531
-11.4%
4 4244
+4.8%
5+ 2018
-10.0%

Summary: The 11793 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11793, you could pay more than the asking price. 81% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in 11793 in October 2024, down by 8.7% month-over-month. Of the 21 sold homes, 10% were sold under asking, 10% were sold at asking, and 81% were sold over asking.

Days on Market for 11793, NY

How long does it take to sell a home in 11793, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
44 Days22 Days-49.2%

Summary: Homes in 11793 had an average of 22 days on market in Oct 2024, down by 49.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11793 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 21 homes were sold in 11793; 76% of homes were sold within 30 days, 24% 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 11793, NY

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