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 November 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

$705,000

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$95,000(+15.6%)

Key Takeaway

Homes in 11795 have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in 11795 was $705,000 in November 2024, up 15.6% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $385K-
N/A
2 $449K$530K
+18.0%
3 $562.5K$650K
+15.6%
4 $637.5K$755K
+18.4%
5+ $745K$867.5K
+16.4%

Summary: 11795 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 increased by 18%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Zip Codes

11795
+15.6%
11703
+15.2%
11729
+10.7%
11706
+9.6%
11702
+6.9%

Housing Supply in 11795, NY

How many homes are available in 11795, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10297-4.9%

Summary: The 11795 real estate market had 97 homes for sale in November 2024, a 4.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 108
-20.0%
3 2319
-17.4%
4 4245
+7.1%
5+ 2624
-7.7%

Summary: The 11795 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 decreased by 20%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11795, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in 11795 in November 2024, down by 20.0% month-over-month. Of the 16 sold homes, 25% were sold under asking, 19% were sold at asking, and 56% 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

Nov 2023Nov 2024CHANGE
32 Days57 Days+74.2%

Summary: Homes in 11795 had an average of 57 days on market in Nov 2024, up by 74.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 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 November 2024, 16 homes were sold in 11795; 69% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 25% 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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