Is 11960, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 11960 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 11960 has remained a Buyer's Market.

Key Takeaway

11960 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 11960, NY

How much do homes in 11960, NY cost?

Median Sold Price

$1,705,000

$641/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$55,000(+3.3%)

Key Takeaway

Homes in 11960 have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in 11960 was $1,705,000 in October 2024, up 3.3% from last year, and the median price per square foot was $641.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $325K-
N/A
2 $795K$465K
-41.5%
3 $1.7M$950K
-44.6%
4 $1.4M$1.7M
+17.1%
5+ $2.6M$3.9M
+48.1%

Summary: 11960 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 decreased by 41.5%, 3 bedroom homes decreased by 44.6%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 48.1%.

Median Sold Price Compared To Nearby Zip Codes

11977
+8.8%
11960
+3.3%
11941
-1.3%

Housing Supply in 11960, NY

How many homes are available in 11960, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3435+2.9%

Summary: The 11960 real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 77
0.0%
4 1010
0.0%
5+ 1515
0.0%

Summary: The 11960 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 11960, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 11960 in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 11960, NY

How long does it take to sell a home in 11960, NY?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days178 Days+1518.2%

Summary: Homes in 11960 had an average of 178 days on market in Oct 2024, up by 1518.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 11960 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 11960; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 11960, NY

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