Is 11944, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11944 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 11944 was a Seller's Market.

Key Takeaway

11944 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11944, NY

How much do homes in 11944, NY cost?

Median Sold Price

$1,060,000

$579/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$156,750(+17.4%)

Key Takeaway

Homes in 11944 have sold for 17.4% more than they did a year ago.

Summary: The median home sold price in 11944 was $1,060,000 in November 2024, up 17.4% from last year, and the median price per square foot was $579.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $238.7K$285K
+19.4%
2 $539.8K$720K
+33.4%
3 $872.5K$950K
+8.9%
4 $1.2M$1.2M
+2.5%
5+ $1.8M$1.0M
-40.7%

Summary: 11944 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 33.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 40.7%.

Median Sold Price Compared To Nearby Zip Codes

11944
+17.4%
11939
+4.4%
11971
0.0%

Housing Supply in 11944, NY

How many homes are available in 11944, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4240-4.8%

Summary: The 11944 real estate market had 40 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 97
-22.2%
3 1714
-17.6%
4 1416
+14.3%
5+ 12
+100.0%

Summary: The 11944 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 22.2%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 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 11944, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 11944 in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 11944, NY

How long does it take to sell a home in 11944, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
68 Days79 Days+15.1%

Summary: Homes in 11944 had an average of 79 days on market in Nov 2024, up by 15.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11944 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 11944; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 11944, NY

Nearby Markets to 11944, NY