Is 11801, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11801 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 11801 has remained a Seller's Market.

Key Takeaway

11801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11801, NY

How much do homes in 11801, NY cost?

Median Sold Price

$725,000

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$86,112(+13.5%)

Key Takeaway

Homes in 11801 have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in 11801 was $725,000 in November 2024, up 13.5% from last year, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$566K
N/A
2 $551K$629.9K
+14.3%
3 $625K$695K
+11.2%
4 $620K$715K
+15.3%
5+ $774K$845K
+9.2%

Summary: 11801 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 14.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Zip Codes

11753
+14.7%
11801
+13.5%
11714
+11.9%
11756
+10.2%
11803
+10.1%

Housing Supply in 11801, NY

How many homes are available in 11801, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
140136-2.9%

Summary: The 11801 real estate market had 136 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 4542
-6.7%
4 5459
+9.3%
5+ 3935
-10.3%

Summary: The 11801 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 100%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 10.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2324+4.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11801, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in 11801 in November 2024, up by 4.3% month-over-month. Of the 24 sold homes, 46% were sold under asking, 0% were sold at asking, and 54% were sold over asking.

Days on Market for 11801, NY

How long does it take to sell a home in 11801, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
45 Days64 Days+44.1%

Summary: Homes in 11801 had an average of 64 days on market in Nov 2024, up by 44.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 11801 has remained consistent over time.

Summary: During November 2024, 24 homes were sold in 11801; 33% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 21% 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 21 Days Ago

Newest Listings in 11801, NY

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