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 December 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

$750,000

$445/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$85,000(+12.8%)

Key Takeaway

Homes in 11793 have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in 11793 was $750,000 in December 2024, up 12.8% from last year, and the median price per square foot was $445.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $450K$425K
-5.6%
2 $571K$599K
+4.9%
3 $650K$750K
+15.4%
4 $663.7K$740K
+11.5%
5+ $763.5K$781K
+2.3%

Summary: 11793 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Zip Codes

11793
+12.8%
11554
+12.1%
11783
+11.5%
11756
+11.2%
11710
+9.2%

Housing Supply in 11793, NY

How many homes are available in 11793, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9077-14.4%

Summary: The 11793 real estate market had 77 homes for sale in December 2024, a 14.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 23
+50.0%
3 2525
0.0%
4 4129
-29.3%
5+ 1918
-5.3%

Summary: The 11793 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes decreased by 5.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2118-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 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. 55.6% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 11793 in December 2024, down by 14.3% month-over-month. Of the 18 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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

Dec 2023Dec 2024CHANGE
31 Days37 Days+16.5%

Summary: Homes in 11793 had an average of 37 days on market in Dec 2024, up by 16.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11793 has remained consistent over time.

Summary: During December 2024, 18 homes were sold in 11793; 44% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 6% 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 2 Days Ago

Newest Listings in 11793, NY

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