Is 11795, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11795 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11795 was a Seller's Market.

Key Takeaway

11795 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 11795, NY

How much do homes in 11795, NY cost?

Median Sold Price

$700,000

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$96,250(+15.9%)

Key Takeaway

Homes in 11795 have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in 11795 was $700,000 in October 2024, up 15.9% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $385K-
N/A
2 $449K$530K
+18.0%
3 $562.5K$630K
+12.0%
4 $625K$738K
+18.1%
5+ $750K$850K
+13.3%

Summary: 11795 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Zip Codes

11795
+15.9%
11703
+14.8%
11702
+10.2%
11706
+9.5%
11729
+9.5%

Housing Supply in 11795, NY

How many homes are available in 11795, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
94101+7.4%

Summary: The 11795 real estate market had 101 homes for sale in October 2024, a 7.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 79
+28.6%
3 2824
-14.3%
4 3839
+2.6%
5+ 2028
+40.0%

Summary: The 11795 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 increased by 28.6%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1315+15.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11795, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 11795 in October 2024, up by 15.4% month-over-month. Of the 15 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for 11795, NY

How long does it take to sell a home in 11795, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
42 Days58 Days+39.0%

Summary: Homes in 11795 had an average of 58 days on market in Oct 2024, up by 39% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11795 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in 11795; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% 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 11795, NY

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