Is 11959, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11959 is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, 11959 has remained a Buyer's Market.

Key Takeaway

11959 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11959, NY

How much do homes in 11959, NY cost?

Median Sold Price

$2,500,000

$877/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$2,875,000(-53.5%)

Key Takeaway

Homes in 11959 have sold for 53.5% less than they did a month ago.

Summary: The median home sold price in 11959 was $2,500,000 in December 2024, down 53.5% from last month, and the median price per square foot was $877.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $5.3M$2.5M
-53.5%
5+ --
N/A

Summary: 11959 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 53.5%, and 5+ bedroom homes did not change.

Housing Supply in 11959, NY

How many homes are available in 11959, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1415+7.1%

Summary: The 11959 real estate market had 15 homes for sale in December 2024, a 7.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 76
-14.3%
5+ 45
+25.0%

Summary: The 11959 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11959, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 11959 in December 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 11959, NY

How long does it take to sell a home in 11959, NY?

Average Sale Time

Nov 2024Dec 2024CHANGE
50 Days-80 Days-260.0%

Summary: Homes in 11959 had an average of -80 days on market in Dec 2024, down by 260% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 11959 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in 11959; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

Newest Listings in 11959, NY

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