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 November 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

$1,095,000

$465/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$225,250(+25.9%)

Key Takeaway

Homes in 11804 have sold for 25.9% more than they did a year ago.

Summary: The median home sold price in 11804 was $1,095,000 in November 2024, up 25.9% from last year, and the median price per square foot was $465.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $858K$1.4M
+63.4%
3 $778K$900K
+15.7%
4 $920K$940K
+2.2%
5+ $1.4M$1.5M
+5.6%

Summary: 11804 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 63.4%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 5.6%.

Median Sold Price Compared To Nearby Zip Codes

11804
+25.9%
11747
+16.1%
11714
+11.9%
11803
+10.1%
11735
+9.9%

Housing Supply in 11804, NY

How many homes are available in 11804, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2822-21.4%

Summary: The 11804 real estate market had 22 homes for sale in November 2024, a 21.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 88
0.0%
4 106
-40.0%
5+ 65
-16.7%

Summary: The 11804 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 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 11804 in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
61 Days98 Days+61.1%

Summary: Homes in 11804 had an average of 98 days on market in Nov 2024, up by 61.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were 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 November 2024, 4 homes were sold in 11804; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 22 Days Ago

Newest Listings in 11804, NY

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