Is 11804, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11804 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11804 has remained a Seller's Market.

Key Takeaway

11804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11804, NY

How much do homes in 11804, NY cost?

Median Sold Price

$989,500

$465/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$127,500(+14.8%)

Key Takeaway

Homes in 11804 have sold for 14.8% more than they did a year ago.

Summary: The median home sold price in 11804 was $989,500 in October 2024, up 14.8% from last year, and the median price per square foot was $465.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $862K$1.4M
+62.6%
3 $750K$897.5K
+19.7%
4 $920K$935K
+1.6%
5+ $1.4M$1.5M
+4.1%

Summary: 11804 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 62.6%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

11747
+20.0%
11804
+14.8%
11735
+11.3%
11803
+9.2%
11714
+8.8%

Housing Supply in 11804, NY

How many homes are available in 11804, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3229-9.4%

Summary: The 11804 real estate market had 29 homes for sale in October 2024, a 9.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 55
0.0%
3 88
0.0%
4 1111
0.0%
5+ 85
-37.5%

Summary: The 11804 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 remained the same, and 5+ bedroom homes decreased by 37.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11804, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 11804 in October 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 11804, NY

How long does it take to sell a home in 11804, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
122 Days42 Days-65.6%

Summary: Homes in 11804 had an average of 42 days on market in Oct 2024, down by 65.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11804 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 11804; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 11804, NY

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