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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11801 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11801 was a Seller's Market.

Key Takeaway

11801 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11801, NY

How much do homes in 11801, NY cost?

Median Sold Price

$721,666

$444/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$83,472(+13.1%)

Key Takeaway

Homes in 11801 have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in 11801 was $721,666 in October 2024, up 13.1% from last year, and the median price per square foot was $444.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$566K
N/A
2 $535K$603K
+12.7%
3 $610K$689.5K
+13.0%
4 $626.5K$702.5K
+12.1%
5+ $761.2K$849K
+11.5%

Summary: 11801 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 12.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 11.5%.

Median Sold Price Compared To Nearby Zip Codes

11753
+15.4%
11801
+13.1%
11756
+10.0%
11803
+9.2%
11714
+8.8%

Housing Supply in 11801, NY

How many homes are available in 11801, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147148+0.7%

Summary: The 11801 real estate market had 148 homes for sale in October 2024, a 0.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 4444
0.0%
4 5759
+3.5%
5+ 4544
-2.2%

Summary: The 11801 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 2.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2520-20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11801, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 11801 in October 2024, down by 20.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% 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

Oct 2023Oct 2024CHANGE
34 Days42 Days+23.6%

Summary: Homes in 11801 had an average of 42 days on market in Oct 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

10 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

Many homes in 11801 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 11801; 50% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 5% 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 11801, NY

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