Is 11955, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11955 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 11955 was a Buyer's Market.

Key Takeaway

11955 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 11955, NY

How much do homes in 11955, NY cost?

Median Sold Price

$600,500

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$88,000(+17.2%)

Key Takeaway

Homes in 11955 have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in 11955 was $600,500 in October 2024, up 17.2% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $460K$578K
+25.7%
3 $605K$580K
-4.1%
4 $627.5K$686.2K
+9.4%
5+ --
N/A

Summary: 11955 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 25.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

11955
+17.2%
11934
+16.6%
11950
+14.3%
11949
+3.4%

Housing Supply in 11955, NY

How many homes are available in 11955, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21210.0%

Summary: The 11955 real estate market had 21 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 109
-10.0%
4 44
0.0%
5+ 00
0.0%

Summary: The 11955 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 14.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

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 11955, 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 11955 in October 2024, the same as the previous 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 11955, NY

How long does it take to sell a home in 11955, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days46 Days+825.0%

Summary: Homes in 11955 had an average of 46 days on market in Oct 2024, up by 825% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11955 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in 11955; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 11955, NY

Nearby Markets to 11955, NY