Is 11953, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11953 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 11953 has remained a Seller's Market.

Key Takeaway

11953 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11953, NY

How much do homes in 11953, NY cost?

Median Sold Price

$448,000

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$63,000(+16.4%)

Key Takeaway

Homes in 11953 have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in 11953 was $448,000 in October 2024, up 16.4% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $170K$179.9K
+5.9%
2 $311.5K$315K
+1.1%
3 $437K$480K
+9.8%
4 $532.5K$587K
+10.2%
5+ $738K$475K
-35.6%

Summary: 11953 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 35.6%.

Median Sold Price Compared To Nearby Zip Codes

11953
+16.4%
11763
+14.9%
11961
+7.6%
11764
+4.8%
11727
+1.6%

Housing Supply in 11953, NY

How many homes are available in 11953, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
105114+8.6%

Summary: The 11953 real estate market had 114 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1515
0.0%
2 4748
+2.1%
3 2731
+14.8%
4 1215
+25.0%
5+ 45
+25.0%

Summary: The 11953 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 increased by 2.1%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1620+25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11953, you could pay more than the asking price. 55% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in 11953 in October 2024, up by 25.0% month-over-month. Of the 20 sold homes, 40% were sold under asking, 5% were sold at asking, and 55% were sold over asking.

Days on Market for 11953, NY

How long does it take to sell a home in 11953, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days44 Days+45.5%

Summary: Homes in 11953 had an average of 44 days on market in Oct 2024, up by 45.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11953 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 11953; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% 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 17 Days Ago

Newest Listings in 11953, NY

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